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WH Group (0288.HK)
16-05-2018, 03:36 PM,
Post: #1
WH Group (0288.HK)
This Chinese Pork CEO Was Paid More Than Tim Cook or Elon Musk

By Bruce Einhorn
May 16, 2018, 12:00 AM GMT+8

The highest paid executive of a Hong Kong-listed company last year wasn’t a high-flying financier or real-estate tycoon. It was Wan Long, a former factory manager who helped turn a humble state-owned meat processor into the world’s biggest pork producer -- and in doing so built his own fortune.

Compensation for Wan, chairman and chief executive officer of WH Group Ltd., was $291 million in salary and stock payments last year, according to the company’s annual report.

The pork boss topped high-profile American CEOs like Apple Inc.’s Tim Cook, Tesla Inc.’s Elon Musk and Goldman Sachs Group Inc.’s Lloyd Blankfein and was one of the best-paid executives anywhere in the world, according to data compiled by Bloomberg.

WH Group -- through subsidiaries Virginia-based Smithfield Foods and Chinese meat company Henan Shuanghui Investment & Development Co. -- operates hog farms and factories in China, the U.S. and Europe and also sells consumer brands like Farmland bacon and Eckrich sausage.

More details in https://www.bloomberg.com/news/articles/...-blankfein
Specuvestor: Asset - Business - Structure.

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