CHINA: Giordano Directors Take 23 Per Cent Pay Cut
Directors at clothing retailer Giordano have had their pay packets slashed by as much as 23.33 per cent despite the company recording a 15 per cent rise in profits over the year. According to a report in the South China Morning Post, the 10 directors saw their combined wage drop from HK$30m ($3.8m) last year to around HK$23m ($2.9m) this year.
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