Fat cats have no place in the banks of the People’s Republic of China. The chairman of ICBC, the world’s most profitable bank, made a relatively paltry $300,000 last year.
That is $22.6 million less than JPMorgan paid Jamie Dimon in the same period. It is enough to make even the harshest critic of banking excess weep.
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Jiang Jianqing’s salary, although nobody’s idea of a pittance, nonetheless demonstrates the stark differences between the Chinese and western systems.
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