February 27, 2006
Another Reason to Own Wal-Mart
From an article in today’s Wall Street Journal on the localization of managers at foreign companies in China:
Local Chinese account for 100% of Wal-Mart China’s middle managers, and 99% of its senior managers.
Little wonder considering that:
A Chinese manager, on average, has a total compensation package that is only 20% to 25% of that of a hire from a Western country.
Cat: | Time: 4:51 pm (utc+8)