SBB 0.00% 1.2¢ sunbridge group limited

new thread- please read! very relevant info re sbb, page-56

  1. 5,583 Posts.
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    Summary of the thread:

    Argument as laid out by Kikker:
    Based on a Robert Walters Survey (non-academic, no methods, no description of data sources) that suggests CFOs in China are paid between RMB 1.5m - 2.5m and his personal anecdote that he pays a CFO level position RMB 1.5m (ie. $300k)... and that therefore the RMB 120k salary for the Sunbridge CFO is either grossly exploitative or fraudulent.

    Argument as laid out by Legume:
    Based on 3 Academic papers from 2 Chinese universities and 1 USA university (references provided), with methods outlined, data sources and sample sets provided; show that the "top" management position in China was paid on median RMB 252k (2012), RMB 180k (for the period 2004-2010), RMB 106k (2001-2005). The top paid position at Sunbridge (exc. Xu) was ~RMB 270k (2014) and that therefore executive positions are probably paid within the normal range for such positions in China.

    A further argument can be made, that since Kikker personally pays a CFO RMB 1.5m in China, and that since this figure is in line with the upper limit of the top management salary from the ~2500 contracts analysed by the 3 universities, we can therefore conclude that Kikker is the owner of a top tier company? Or will you have the honesty (like friendlydwarves) to admit that "his" company offering a CFO level position in Shanghai at a rate of RMB 1.7m is in fact a publicly owned multinational? comparing a company of that size would be like comparing a watermelon with a sultana!
 
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