February 3, 2010

China’s Low-Paying Bank System Could Use Some Better Incentives

Filed under: Uncategorized — ktetaichinh @ 5:52 am
Tags: ,

This is difficult when bankers are treated, as in China, less like value creators and more like civil servants. Last year, when China’s Finance Ministry ordered that the heads of the country’s biggest financial institutions take a 10% pay cut, it didn’t matter if they ran banks that made enormous profits. What mattered was the political theater of showing government employees would share some of the country’s pain at a time of major job losses in the manufacturing sector.


Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Create a free website or blog at

%d bloggers like this: