"Study shows U.S. bank CEO pay dwarfs rest of world" No shit Sherlock, That's how we like it. If you want to be poor I suggest you transfer your account to me and go farm dirt in rural china.
I doesn't matter what people make, envy rules and if the next guy makes one dollar more that the other, then they are over paid. If CEO pay is such a bitch, find an asset class that doesn't pay a CEO and invest in that.
Comparing an American Bank C.E.O.'s pay to an Chinese's is silly because most of Jaing's "real" salary won't be coming from his official paycheck. In a country like China, the value of attaining a high position in a bank comes from the ability to use the position to collect profits from corruption and graft.
can you prove it or is it the murmurings of someone from the US or Europe whose currency will implode or disappear over time? http://www.elitetrader.com/vb/showthread.php?threadid=177380
In interviews, China-based executives, sales agents and distributors for nine U.S. multinational companies acknowledged that their firms routinely win sales by paying what could be considered bribes or kickbacks -- often in the form of extravagant entertainment and travel expenses -- to purchasing agents at government offices and state-owned businesses. http://www.washingtonpost.com/wp-dyn/content/article/2005/08/21/AR2005082101068.html
It wouldn't be hard to find very competent individuals for $200k, to run America's banks. The current salaries paid to people working in the financial sector are completely inexcusable, and are really, a complete abrogation of the fiduciary responsibility of management and the Boards of Directors.