Description: You wouldn’t know it by his pay stubs, but Jiang Jianqing heads the world’s largest bank. Jiang, chairman of Industrial and Commercial Bank of China, made just $234,700 in 2008. That’s less than 2 percent of the $19.6 million awarded to Jamie Dimon, chief executive of the world’s fourth-largest bank, JPMorgan Chase & Co.
Keys: Management, HR, ethics
Questions for discussion:
- Do you think U.S. bank CEOs are fairly compensated? Explain your thinking.
- How else could compensation for these sorts of important managerial positions be decided? Explain your answer.
- How might compensation affect share value and other financial metrics?