I doubt very much the Kicker has any company. Let alone over...

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saltocan

3,790 Posts.

22/04/15

17:35

Post #: 15136217
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Originally posted by Legume ↑

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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I doubt very much the Kicker has any company. Let alone over pays themm merry men are full of questions and distractions....
Dyor

SBB Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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I doubt very much the Kicker has any company. Let alone over...

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