China draft law sets caps on executive pay

The U.S. isn't the only country that's making incredibly super rich people cut down on their incredible super richness, China has now also set compensation caps for its State-sector financial companies. Salaries for top executives are now limited to 2.8 million yuan. Caps for pay packages will be slashed for regular executives, down to four times their annual salary (50,000 to 700,000 yuan). Oh, the humanity! Source: China Daily