Ma Mingzhe'S Pioneering History And Background Background (1)

Ma Mingzhe, behind the salary of 66 million, the annual report released by China Ping An insurance (Group) Limited by Share Ltd (hereinafter referred to as China Ping An) not long ago showed that the annual salary of chairman Ma Mingzhe last year was 66 million 160 thousand yuan before taxes, and the average daily salary was 181 thousand and 200 yuan, setting the highest annual salary of domestic executives.

China Ping An's share price declined from 149.28 yuan at the peak to 48.30 yuan.

For a while, the disastrous shareholders were talking about such a strong contrast.

Mr Ma Mingzhe's explanation of "sky high annual salary" for senior executives such as Mr. Hu and other executives is that the first payment of the option scheme has led to a surge in executive pay.

In addition, "safe implementation of performance oriented pay system, executive pay is composed of two parts: fixed base salary and performance appraisal reward, and its personal income is linked to its performance, contribution to the company's business performance and performance.

There are two main sources of management revenue growth: one is the cashing of long-term incentive schemes linked to H-share prices four years ago, and two is the performance bonus generated by the rapid growth of performance in 2007.

Professor Hao Yansu, Dean of the insurance College of Central University of Finance and Economics, told reporters in an interview with our correspondent: "there is no need to argue about annual salary.

As long as it is lawful, compliant, and approved by the majority of shareholders, there is nothing wrong with it.

It's not surprising that tens of millions of dollars are paid to Wall Street's financial executives.

Data show that even in the face of the subprime mortgage crisis, the remuneration of Wall Street giants has not been significantly affected. Taking Goldman Sachs as an example, its salary and welfare expenditure in 2007 was 20 billion 190 million dollars, equivalent to nearly half of the net income of Goldman Sachs. The annual salary of the CEO of $68 million 500 thousand has also set the Wall Street's annual salary record.

In addition to China Ping An, many executives of the banking industry still have a sky high salary.

In an interview with the media, a person from the CBRC also pointed out that in accordance with the relevant regulations, the remuneration of bank executives is determined by the shareholders' meeting and board of directors. As long as the shareholders' meeting and board of directors approve the remuneration of senior executives, there is no external supervision procedure to interfere.

However, none of these reasons can convince investors. The investors say that "executives eat meat and stock investors cut meat".

Others comment that the safe salary system is "internationalization of executive pay and localization of employee salaries".

The reporter came to a branch of China Ping An to verify, an ordinary employee told reporters that his salary did not differ from the same level employees of the same industry in China.

In the face of all kinds of gossip and criticism, Ma Mingzhe insisted that "the idea of peace always means making money for shareholders."

He believes that there are two main reasons for the fall in Ping An share price: first, the global economy is affected by the US subprime mortgage crisis; the two is that A shares have been overheated for some time.

He said, "we have no ability to influence the fluctuation of stock market, but we will try our best to do our job well."

Ma Mingzhe, who has fallen from the sky, has not seen the history of his journey from the driver to the head of peace in China.

According to an insider familiar with Ma Mingzhe, "Ma Mingzhe is a bitter child."

Ma Mingzhe, born in December 1955, was born in Jilin and moved south because his father joined the army in the south.

Ma Mingzhe, who was a teenager, enjoyed the warmth and warmth of the world. His father died early, and his mother depended on each other.

After graduating from junior high school, he did not continue his studies, but became a water electrician.

Since then, he has worked as a correspondent in the Political Department of Guangdong Zhanjiang prefectural Party committee.

In 1983, Ma Mingzhe came to work.

This summer, he was pferred to Shekou Industrial District, Shenzhen, and then served as the full-time driver of Yuan Geng, general manager of Shekou industrial zone.

Though an ordinary driver, Ma Mingzhe clearly does not want to be here.

According to media reports, in 1986, it was his "one hundred years after we go back to the old industry, OK?", let Yuan Geng to Ma Mingzhe this "driver" impressive, and immediately decided to "recover" as early as in 1875 by the Westernization faction leader Li Hongzhang presided over the establishment of the insurance business.

In March 21, 1988, the central bank formally issued a document approving the establishment of Ping An insurance company. The "Ping An insurance" jointly invested by ICBC and China Merchants Shekou Industrial Zone Co., Ltd. was formally established.

Ma Mingzhe finally realized his dream and was appointed general manager of Ping An insurance.

In this year, Ma Mingzhe led his 12 brothers in a modest house.

These 13 people are all employees of Ping An insurance business.

In this house, Ma Mingzhe's career took the first step.

After that, he started a bigger movement.

Ping An's initial shareholding structure was highly concentrated, ICBC held 51%, and Shekou Industrial Zone Limited accounted for 49%.

Constrained by such a background, the stage of Ma Mingzhe's ability to display his talents is very limited.

So Ma Mingzhe moved his mind.

In 1989, he set up a staff risk fund to start his staff holding shares and successfully diluted the influence of the original shareholders.

In 1992, the registered employee joint stock fund company "Xin Hao Shi", Ma Mingzhe completed the pformation from general manager to Chairman of the board by the director of the joint stock fund company, and the shareholding structure of the company gradually became complicated.

In 1992, Ping An insurance company was renamed "Ping An insurance company of China".

Second years is another turning point in Ma Mingzhe's life.

This year, Morgan Stanley and Goldman Sachs secured a 13.7% stake in Ping An.

Peace starts to internationalize.

With the continuous changes in the structure of China's Ping An equity, the famous economic commentator, Shui Po, commented: "obviously the state-owned Ping An company, after a series of dazzling equity changes, has turned into a foreign holding, a small share of state-owned assets, and a lot of weird private companies holding a freak."

Another industry insider believes that Ma Mingzhe's series of actions are legal and compliance.

In 1993, Ma Mingzhe planned another development idea.

At that year's peace employee meeting, Ma Mingzhe put forward a strategy of peaceful development: "we must go towards the road of financial holding."

From then on, Ma Mingzhe began to create his ideal "financial empire" in a big way.

In the mid 90s of last century, the State Council asked the financial industry to split up and achieve separate operation. At that time, the peace keeping of the certificate of birth insurance, life insurance, securities and trust had been put to no action. Instead, Ma Mingzhe's ingenious operation had secured the development mode of mixed operation.

In recent years, Ping An has gone through the storm in the capital market: in June 2004, China Ping An was "listed as a whole" in Hongkong. In March 1, 2007, Ping An returned to A shares. In January 21, 2008, Ping An announced the best financing plan for A shares in history: it intends to carry out the refinancing of a total scale of 160 billion yuan.

Yi Hai Zhou, an independent financial writer, said that China's Ping An proposed a huge refinancing plan, when the Chinese stock market was hit by the US subprime crisis. In order to realize its own refinancing, the company completely ignored the market's affordability and ignored the loss of investors' interests.

He said: "this is a typical Chinese money collection behavior", and Ma Mingzhe is through this series of actions, so that the rapid expansion of Ping An capital.

In the eyes of Professor Hao Yansu, in the eyes of Professor Ma Mingzhe, the reason why Ma Mingzhe can become today's Ma Mingzhe is largely because he uses leverage and is best at borrowing strength.

Integrate human resources at home and abroad and bring the role of every talent to the extreme.

In the mid and late 80s of last century, a large number of outsiders poured into Shenzhen. The Ping An insurance has grown from a regional insurance company to a national insurance company, and has gradually emerged in the industry.

During this period, Ma Mingzhe brought out his first team.

A former subordinate recalled: "Ma Mingzhe's calm and gentle temperament has brought us together."

In 90s, Ma Mingzhe made a great difference in many business ideas with those early entrepreneurs.

And the reality is often that "many capable people together, the resultant force is not very large."

After a period of weighing, Ma Mingzhe talked with the brothers who worked together in the past to encourage everyone to "go outside".

And at the beginning of many new insurance companies, executives who touched the "ceiling of the workplace" have left safety and set up a new stove.

After many years, Ma Mingzhe and his early entrepreneurs are all active in the forefront of the financial and insurance industry.

There are many elites in the industry, Yuan Li, assistant president of the China Insurance Regulatory Commission, Sun Bing, President of Xinhua life, Liu Jingguan, President of Taikang Life Insurance, and general manager He Zhiguang of Taiping Life.

These elites extend the influence of China Ping An to the entire insurance industry. China Ping An is therefore known as the "Whampoa military academy" in the industry.

Ma Mingzhe is also unique in terms of employment.

He has an unwritten rule: "tired birds go home".

The senior managers who go out of safety can return to Ping An company.

Ping An Life Insurance director of North China Ding Ding is the beneficiary of this internal regulation.

He was once dug up to be president by 2 million 800 thousand yuan annual salary. He returned to China after a year and a half, and he was reinstated.

In the industry, Ping An executives are highly envious of their peers with high salaries. Among the 10 top financial executives who have recently announced their annual salary of over ten million yuan, there are 7 other people in China Ping An, besides Ma Mingzhe.

A few days ago, the reporter came to the Ping On Mansion in Financial Street, Beijing. This is the main office of Ping An in Beijing.

He has at least two secretaries, a life secretary and a business secretary.

The Beijing branch has two cars on top, one Audi and the other one.

When he was in Beijing, he liked to ride the old Mercedes Benz.

In his position, I don't care if it's a new car.

A staff member close to Ma Mingzhe told reporters.

He is a smart leader. He has a big body and small eyes. He usually has few words.

Because he often attends meetings, he wears a suit most of the time, and he likes to wear pink shirts and pink ties.

Speaking of Ma Mingzhe, another employee of peace said, "at first he came to Beijing, and the company attached great importance to it. Ping On Mansion's property would also set up a special ladder for him.

Later, he felt that he was too active to mobilize the public, so he started to take the elevator himself.

Compared with the initial stage, Ma Mingzhe seldom came to Beijing.

"In the last six months, he has only come three times."

Another employee revealed: "when he comes to Beijing, he usually stays in a super five-star hotel near the company. It is convenient to see the leaders near the CIRC.

Every time the horse came and hurried, a meeting was held. After seeing the leader, he returned to Shenzhen.

There is an office in Ma Mingzhe on the 16 floor of Ping On Mansion in Beijing.

When the two sessions are held this year, Ma Mingzhe will come to this office to deal with company affairs as long as there is no other arrangement after the meeting.

He likes to drink black tea, and sometimes he goes to lunch with other employees in a fast food restaurant on the first floor of Ping On Mansion.

According to the staff of the fast food restaurant, Ma Mingzhe's lunch is not luxury. His favorite dish is scrambled eggs.

Ma Mingzhe made a rule for the staff of Ping An, China: he went to work at 8:55.

When he was in Beijing, he came to the office very early without any other arrangement.

In order to boost morale, Ping An held a morning meeting every day, and all employees sang "song of peace".

At this time, Ma Mingzhe would stand beside the staff and sing with them.

Ma Mingzhe: from the driver to the chairman of Ping An insurance group, the name is Ma Mingzhe: the chairman of the Ping An insurance group, the chairman of the Ping An insurance group, is the leader of the mixed empire of the financial empire. Ma Mingzhe: a doctorate in money and banking science, a part-time doctoral tutor in Nankai University, a member of the Standing Committee of the Guangdong provincial CPPCC, and a deputy to the National People's Congress.

Asia is the only independent director of the US central high tech insurance company.

Ma Mingzhe is not a human being, but a God.

People in the insurance circles say, "Ma Mingzhe is not a human being, but a God."

The chairman of a domestic insurance company described Ma Mingzhe as his "Idol". He said, "the person I admire most is Ma Mingzhe, chairman of peace. I think he must have thought of what I had never thought of before.

He always looks forward to doing things.