Undeserved benefits

Despite the economic downturn, some State-owned financial companies are still offering their executives lavish salaries. Their failure to recognize the nature of the crisis and take responsibility has upset the public. We demand the firms exercise restraint.

A case in point is Guotai Jun'an Securities Co, a leading State-controlled brokerage firm. It is reportedly ready to pay a total of 3.2 billion yuan ($470 million) in salaries and welfare costs for its 3,200 employees.

It is natural that China's average workers, especially people who lost heavily by investing in A shares, are enraged by this.