Study shows U.S. bank CEO pay dwarfs rest of world

"Study shows U.S. bank CEO pay dwarfs rest of world"

No shit Sherlock,
That's how we like it.

If you want to be poor I suggest you transfer your account to me and go farm dirt in rural china.
 
Quote from limitupmike:

http://www.chinadaily.com.cn/bizchina/2007-01/08/content_776701.htm

this post proves idiots on elite trader..

avg income rural and urban in china is 2005

1,648 us dollars per year!! So a chinese bank ceo making 230,000 us dollars is = 139 times more than average.

in the us the average is $ 47,000 a year which is most likely higher than most of the people posting in this site!
47,000x139= 6.5 million for us banker pay to be the equivalent in china... it is relative to where you live you idiots... 230K is a ton of money in CHINA!!!!!!!! it is 6.5 million a yeaqr here!!!!
wHY DO YOU THINK EVERYTHING YOU BHUY NTHE US IS MADE IN CHINA... BECASUE LABOR IS DIRT CHEAP!
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True, but $6.5 million compared to $20 million? American CEO's are still overpaid.
 
I doesn't matter what people make, envy rules and if the next guy makes one dollar more that the other, then they are over paid. If CEO pay is such a bitch, find an asset class that doesn't pay a CEO and invest in that.
 
Comparing an American Bank C.E.O.'s pay to an Chinese's is silly because most of Jaing's "real" salary won't be coming from his official paycheck. In a country like China, the value of attaining a high position in a bank comes from the ability to use the position to collect profits from corruption and graft.
 
Quote from GTG:

Comparing an American Bank C.E.O.'s pay to an Chinese's is silly because most of Jaing's "real" salary won't be coming from his official paycheck. In a country like China, the value of attaining a high position in a bank comes from the ability to use the position to collect profits from corruption and graft.
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can you prove it or is it the murmurings of someone from the US or Europe whose currency will implode or disappear over time?

http://www.elitetrader.com/vb/showthread.php?threadid=177380
 
Quote from zdreg:

can you prove it or is it the murmurings of someone from the US or Europe whose currency will implode or disappear over time?
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In interviews, China-based executives, sales agents and distributors for nine U.S. multinational companies acknowledged that their firms routinely win sales by paying what could be considered bribes or kickbacks -- often in the form of extravagant entertainment and travel expenses -- to purchasing agents at government offices and state-owned businesses.
http://www.washingtonpost.com/wp-dyn/content/article/2005/08/21/AR2005082101068.html
 
It wouldn't be hard to find very competent individuals for $200k, to run America's banks.

The current salaries paid to people working in the financial sector are completely inexcusable, and are really, a complete abrogation of the fiduciary responsibility of management and the Boards of Directors.
 
Quote from pitz:

It wouldn't be hard to find very competent individuals for $200k, to run America's banks.

The current salaries paid to people working in the financial sector are completely inexcusable, and are really, a complete abrogation of the fiduciary responsibility of management and the Boards of Directors.
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Some one competent enough to run a fortune 500 company wouldn't work for 200k.
 
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