It is reported that the enterprises implementing the new salary system will include 53 central enterprises such as China Petroleum, China Petrochemical and China Mobile, which are funded by the State Council SASAC, and other financial and railway enterprises 19, totaling 72 enterprises, but so far, the central government has not disclosed the list of these 72 enterprises.
The Economic Observer found from the annual reports of listed companies whose ultimate controllers are the central state organs, central state-owned enterprises and the State-owned Assets Supervision and Administration Commission that in 20 13 years, there were 168 enterprises whose chairman and general manager were paid more than 600,000 yuan. From the perspective of the industry to which the enterprise belongs, the executive salary of financial and real estate enterprises is generally higher, and the phenomenon of executive shareholding in real estate enterprises is more common, such as China Merchants Property, OCT and Poly Real Estate.
Guo Tianyong, director of the China Banking Research Center of the Central University of Finance and Economics, told the Economic Observer that financial and real estate executives are generally higher than other central enterprises, and the central salary limit policy will first impact the executive compensation in this field.
An accountant from the four major accounting firms told the Economic Observer that it is indeed very common for corporate executives to be paid in the last year and paid in the next year, and there is a big difference between whether the salary limit is paid or paid. In addition, in the equity incentive part, the changes in the fair value of shares held by senior executives will also be reflected in the annual report salary. In fact, the executives didn't get the new shares, but the stock price went up, and the company had to confirm a fee. So there should be many influencing factors.
72 senior executives of central enterprises are limited in salary
The Economic Observer found from the annual reports of listed companies whose ultimate controllers are the central state organs, central state-owned enterprises and the State-owned Assets Supervision and Administration Commission that in 20 13 years, there were more than 70 enterprises whose chairman and general manager were paid more than 600,000 yuan. Among them, the annual salary of President Mai of China International Shipping Container Group is 8.697 million yuan, Vice President Zhao Qingsheng is 4.308 million yuan, Chairman Wang Dongming of CITIC Securities is 5.8343 million yuan, and General Manager Cheng Boming is 5.7673 million yuan.
In recent years, the annual salary has far exceeded that of other central enterprise executives. The annual reports of these two companies show that as of 20 13,12,31,Mai was granted options of 3.8 million yuan, and Zhao Qingsheng was granted options of150,000,2013,12,360. Wang Dongming holds 2,649,750 shares and Cheng Boming holds 65,438+073,365,438+060 shares, all of which are A shares. Citic Securities A shares of 2065,438+03,654,38+02.38+0 have a closing price of 65,438+02.75 yuan, with market values of 33.78 million yuan and 22.09 million yuan respectively. "Compared with the current policy, after the reform, the salary level of the heads of most centrally managed enterprises will drop, and some will drop by a large margin." Qiu Xiaoping, Vice Minister of Ministry of Human Resources and Social Security, recently explained the reform plan. According to him, at present, the relevant departments of the central government are responsible for guiding and supervising the salary distribution of the heads of central management enterprises, formulating and improving the salary management policy, and the next step will be to supervise and inspect the implementation process and results of the policy.
According to Qiu Xiaoping, the scope of application of this reform is defined as the heads of central enterprises, including the chairman of the board, the secretary of the Party committee (party secretary) and the general manager (president, president). ), supervisor (chairman of the board of supervisors) and other deputy heads of wholly state-owned or state-controlled enterprises in which the State Council performs the investor's duties on behalf of the state.
It is reported that the enterprises implementing the new salary system will include 53 central enterprises, such as PetroChina, Sinopec and China Mobile, which are funded by SASAC of the State Council, and other financial and railway enterprises 19, totaling 72. Up to now, The Paper has not disclosed the list of 72 enterprises.
Financial enterprise executives generally exceed one million.
20 13 financial report shows that 16 A-share listed banks paid 480 million yuan to the management. The annual reports of the five major banks, namely, industry, agriculture, China, construction and communications, all announced the fixed part of executive compensation, and the average chairman was 6,543,800 yuan+0,037,300 yuan. Among them, Wang Hongzhang, Chairman of CCB, earned an annual salary of 26.5438+0.4 million yuan before tax; Jiang Jianqing, chairman of Industrial and Commercial Bank of China, earned 6.5438 yuan +0.9956 million yuan, Tian Guoli, chairman of China Bank, earned 6.5438 yuan +0.3582 million yuan in BOC only eight months, and Tang Shuangning, chairman of China Everbright Bank, received 495,000 yuan from China Everbright Group.
The fourth meeting of the Central Leading Group for Comprehensive Deepening Reform deliberated on the reform plan of the remuneration system for the principal responsible persons of central management enterprises and the Opinions on Reasonably Determining and Strictly Regulating the Performance Treatment and Business Expenditure of the Principal Responsible Persons of Central Enterprises, just in time for listed banks to disclose interim results reports.
At the press conference of the interim report, Wang Hongzhang, Chairman of CCB, Niu, Chairman of Bank of Communications, Yi Huiman, President of ICBC, and President of Agricultural Bank of China all said that the specific plan is not known at present, and once it is refined, it will be implemented according to the unified arrangement of the state.
In the financial field, the treatment of bank executives is not the highest. The annual salary of the above-mentioned chairman and general manager of CITIC Securities plus the market value of the options granted may make the financial circle proud.
20 13 during the reporting period, Yuan Changqing, the chairman of Everbright Securities, received a total salary of 435,600 yuan from Everbright Group, the shareholder unit, and Feng Xue, the president, received a total salary of 2,432,700 yuan before tax during the reporting period. The annual report further stated that according to the relevant requirements of the Guidelines for the Governance of Securities Companies, more than 40% of the annual performance pay of senior managers of securities companies should be deferred for a period of not less than 3 years; The company's senior management delayed the payment of the unpaid bonus of 20 12.
During the reporting period, Chen Youan, the chairman of Galaxy Securities listed in Hong Kong, paid a total of RMB 654.38+RMB 5450, and Gu Weiguo, the president, paid a total of RMB 654.38+RMB 565438+RMB 6000. The 20 13 annual report of Cinda Assets shows that the salary of the chairman and president of the group in 20 13 is lower than that in 20 12, and the pre-tax total of 2019.53 million yuan and 2017.66 million yuan; At 20 12 15000 yuan and 1 132000 yuan respectively.
Real estate executives generally hold shares.
Although the current real estate market continues to be in a downturn, most executives of central enterprises listed on 20 13 real estate have really made a fortune. WIND data shows that the average salary of the top three directors in the real estate industry in 20 13 years was 28 10900 yuan, an increase of 326,000 yuan over the previous year; The average salary of the top three executives was 2,984,300 yuan, an increase of 399,300 yuan over the previous year.
Not only is the salary higher, but real estate executives generally hold shares. WIND data shows that the executives of China Merchants Property, OCT, Poly Property and China Construction all hold shares in the company.
Take Poly Real Estate and OCT as examples. Song Guangju, the chairman of Poly Real Estate, has 2014196,000 shares, and paid 2.98 million yuan before tax. Based on the closing price of 8.25 yuan on February 3176544, the market value is1.
2065438+In August, 2003, the board of directors of OCT was changed. Ren Kelei, the chairman, resigned, Liu Pingchun was the new chairman, and Hou Songrong was hired as the new president. During the reporting period, Ren Kelei's total salary was 6,543,800 yuan+0,527 yuan; At present, he is the Party Secretary of Zheng Fan, and the total salary at the end of the reporting period is 6.5438+0.527 million yuan; Liu Pingchun, the current chairman, paid a total of RMB 654.38+0.374 million at the end of the reporting period; At the end of the reporting period, the total remuneration of current President Hou Songrong was RMB 654.38+0.303 million.
The annual report of 20 13 shows that Ren Kelei, Liu Pingchun and Zheng Fan hold 35.8810.56 million shares, 33.5410.56 million shares and 310.205438+0.56 million shares respectively, and 20/kloc-0.
Of course, not all real estate listed central enterprises have the treatment of the above-mentioned executives. At the end of the reporting period, the total remuneration of Chairman Shen of China Real Estate was RMB 547,654,38+0,000, and the total remuneration of General Manager Wu Wende was RMB 702,000, all holding shares.
Xi Yang Jun, deputy director of the Modern Finance Research Center of Shanghai University of Finance and Economics, told the Economic Observer that the profits of the financial and real estate industries are relatively high, and enterprises have the ability to maintain high salaries for executives. The industry itself has certain complexity and needs to attract management with higher income. If the ability of executives is limited, it will have a negative impact on corporate profits. Even if some enterprises in the industry are not profitable, due to the high income of executives in the whole industry, they are forced to rise, preventing brain drain. "The income of overseas financial and real estate executives is generally high, so the domestic high-end has reference. However, there are some differences in nature between the executives of central enterprises in China and those of foreign industries. Foreign executives are professional managers, but in China, they are mainly appointed by superiors, which is to some extent an organizational arrangement rather than a market choice. High income of foreign executives equals high risk, while high income of domestic executives does not correspond to high risk. In this case, income should not refer to foreign countries. Now some aspects reveal information. Now that the executives of central enterprises have reduced their salaries, they can give up their civil servant status and continue to enjoy high income. " Xi Yang Jun finally said.
List of Some Central Enterprises Applicable to Salary Reform Scheme
1. China Oil and Gas Company Limited
2. China Offshore Oil Company
3. China Petrochemical Group
4. Baosteel group co., ltd
5. Wuhan Iron and Steel (Group) Company
6. Angang Group Corporation
7. China FAW Group Corporation
8. Dongfeng Motor Corporation
9. China Ocean Holdings Limited.
10. China Shipping (Group) Company
1 1. National Development and Investment Corporation
12. China Mobile Communications Corporation
13. China United Network Communications Group Co., Ltd.
14. China Telecom Group
15. COFCO corporation limited
16. Shenhua Group
17. aviation industry corporation of china
18. China Ordnance Industry Company
19. State Grid Corporation of China
China Southern Power Grid Co., Ltd.
2 1. China Huaneng Group Corporation. China aviation group company
23. China Southern Airlines Limited.
24. China Eastern Airlines Limited.
25. China Commercial Aircraft Corporation.