US bank CEO pay dwarfs rest of world


NEW YORK: 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 US$234,700 in 2008. That’s less than 2% of the US$19.6mil awarded to Jamie Dimon, chief executive of the world’s fourth largest bank, JPMorgan Chase & Co.

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