PetroChina excessive executive pay were accused of encouraging nbsp; 110 per capita income of 220,000

Beijing Normal University yesterday issued an "executive compensation index of listed companies in China (2011)", in view of the actual performance of the company, PetroChina, excessive executive compensation has serious incentive. According to the report, three years per capita oil executive pay are the 2007-2010, 892,300, and 861800, while the enterprise's actual operating margin, 8.9%,-and 7.38%.　　Reported that shares absolutely held by State-owned company (especially State-owned listed company of monopolies) effort of higher revenue was not an unmixed executives, more from the national monopoly conferred advantages cannot be based on nominal performance of enterprises, and should be based on the actual business performance evaluation of executive compensation. It is learnt that from 2007 to 2010, rent to PetroChina at a super low price industrial land, so that the oil to $ 2 billion will be only 1
145 million square land right; due to national levy resources tax efforts enough, makes in the oil to lower cost obtained crude oil and natural gas; due to oil enterprise on national has is strong of negotiations ability, makes in the oil products price far above world other national of price level, due to differences of of loan interest rate, makes in the oil can to below market loan interest rate of cost for financing. addition, in the oil also continuous 4 years obtained Government of high subsidies.　　Report finds that these factors made after deduction of the monopolistic advantages, in the actual performance of the oil (operating profit) reduced considerably. take 2010 as an example, PetroChina nominal operating profits were $ 19.3086 million, after deducting the rental of land and other real profit is 36.686 billion yuan, only a nominal profit of 19%. Accordingly, the report said "PetroChina excessive executive pay serious incentive." News executives of listed companies in Beijing last year average salary
Over 800,000 Beijing Normal University, released yesterday, "executive compensation index of listed companies in China (2011)," said 2010 publicly traded companies, executive pay is the highest of Longsheng, is $ 74.509 million, the lowest Corporation is ST following, an average of $ 24,000. all public company executive compensation valued at $ 747,700.　　From 2001 to 2010, executives of listed companies in Beijing average salary rose to $ 155,900 to $. 2010 the latest data show that executives at lower pay than the average remuneration of executives in the eastern part of Beijing $ 133,800. report, which shows that in recent years, other parts of the eastern part of executive pay grew at a faster, higher than the Beijing executive compensation growth, in line with Beijing relating to a relatively large city by the 2008 financial crisis. Reports indicate that decade, Beijing public company executive compensation insufficient incentives from 18.8