Drifterwood
Superior Member
The Chinese government, imo, is precisely that, government. China is governed and managed with a long term aim of improving prosperity for it's people. If you want a term, I would say the big decisions are in the hands of the top ten and the provincial gvernors, but power is floated down through every level of the party.
You may have noticed that there is less in the media regarding their management of their own currency (god forbid such a thing), because conditions have changed such we don't want them to have too strong a currency and they have taken some measures to open it more.
You should find the time to get the full picture from that clip. You would see that their figures we 21% in 2010 and 13% in 2011, but were taken from the entire DAX not just the top 100 companies of the footsie as in your figures. The biggest companies generally make the biggest profits and therefore those who lead them get the biggest rewards. The free market has decided that the people who run these companies are more valuable in terms of the skill pool available than are the average workers, i.e there is a very ready supply of people who can work on VW's production line, but only one CEO who could have lead the company to its record profit levels. They made 17 Billion Euros under him, and he got pay and bonuses of .001% of that. Almost an irrelevant figure when you consider the increase in profit that he has lead the company to for its stakeholders. My sales people get bonused at 500 times that rate for growth.
He now makes more than Wayne Rooney, which I would say he probably deserves.
You may have noticed that there is less in the media regarding their management of their own currency (god forbid such a thing), because conditions have changed such we don't want them to have too strong a currency and they have taken some measures to open it more.
You should find the time to get the full picture from that clip. You would see that their figures we 21% in 2010 and 13% in 2011, but were taken from the entire DAX not just the top 100 companies of the footsie as in your figures. The biggest companies generally make the biggest profits and therefore those who lead them get the biggest rewards. The free market has decided that the people who run these companies are more valuable in terms of the skill pool available than are the average workers, i.e there is a very ready supply of people who can work on VW's production line, but only one CEO who could have lead the company to its record profit levels. They made 17 Billion Euros under him, and he got pay and bonuses of .001% of that. Almost an irrelevant figure when you consider the increase in profit that he has lead the company to for its stakeholders. My sales people get bonused at 500 times that rate for growth.
He now makes more than Wayne Rooney, which I would say he probably deserves.
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