China Southern Airlines publishes executive compensation system General Manager's basic annual salary 224,000

The company has lost 5 billion of executives ' revenue and 50% of the controversy, China Southern Airlines issued executive compensation system (reporter Wang Yu) Recently, the Chinese Southern Airlines Co., Ltd. ("Southern Airlines") issued a new executive compensation management system, in order to better improve enterprise asset management efficiency and management level. Officials say executive pay will be much lower this year than last year.　　Earlier, the southern airlines due to a huge loss of 4.829 billion yuan in 2008, profits fell 365.33% year-on-year, but the income of executives has increased by 49.8% and is questioned. According to Southern Airlines 2008 reported that Shimin, general manager of the company to receive 916800 yuan remuneration, the Director of accounting work in charge of general manager Tan Wangeng remuneration 912,700, Vice general manager Hozongke remuneration 760,900, deputy director of the flight division Liu Fiber remuneration 1.1839 million, financial controller Xujebo remuneration 767,800, Dong secret Shebi remuneration 217,700 yuan.　　The report shows that executive pay has risen 49% per cent, prompting media skepticism. In this regard, Southern airlines have explained that the 2008 Annual report in the actual annual salary of senior executives is the 2007 Performance award.　　And since the second half of 2008, executives have taken a pay cut, the person said, "in the 2009 annual report, the decline in the 2008-year executive compensation will be reflected in the fall, the executive pay will be far lower than last year." According to the introduction, Southern Airlines, the executive compensation management system in accordance with the company's annual operating objectives and job responsibilities of the annual work objectives, comprehensive assessment, according to the results of the assessment of senior managers to determine the annual salary income. The implementation of the object for the company's senior management, including: General Manager, deputy general Manager, finance director, Chief flight, General Information Division, Chief engineer, chief economist, general counsel, Secretary of the Board of directors, such as the appointment of senior management staff.　　Senior management staff to implement the annual salary system, senior managers of the yearly salary income from the basic annual salary (base salary) and performance of the annual salary and insurance benefits of three components, the formula is: annual salary income = Basic Annual salary + annual Performance + insurance benefits. South Airlines shares the three major compensation (unit: million) 2008 2007 Chairman Shimin 91.68 68.32 general manager Tan Wangeng 91.27 55 Vice general manager Liu Fiber 118 85 Nan Ai Gao Yangki salary Standard (unit: million) post base salary Standard General manager 22.4 Vice President Director, Chief Financial officer, 19.9 chief flight engineer, chief Information Division, General engineer, 18.6 General counsel, 18.6 Board secretaries 16.2