限薪令下的益民基金：解聘年薪50万人力老总，被判赔偿百万

Core Viewpoint - The recent court ruling regarding Yimin Fund highlights the impact of the financial industry's salary cap policy, revealing tensions within small public fund management firms as they adjust to regulatory changes [2][3][4]. Group 1: Company Actions and Legal Proceedings - Yimin Fund reduced the salaries of its management team in response to the financial industry's salary cap policy, resulting in a significant salary cut for its former HR manager, Zhao, whose salary was reduced by approximately 44% [3][5]. - Zhao was demoted from HR manager to administrative manager without prior consultation, leading to a legal dispute where he claimed wrongful termination and sought compensation [5][6]. - The court ruled in favor of Zhao, ordering Yimin Fund to pay him a total of 946,990 yuan for wrongful termination and 66,312.53 yuan for unused vacation days [8][9]. Group 2: Industry Context and Regulatory Environment - The salary cap policy, initiated by the Ministry of Finance, aims to control salary disparities within financial institutions, particularly favoring frontline and grassroots employees [4][10]. - Yimin Fund's management scale is notably small, with only 8.22 billion yuan in assets under management, ranking it 175th among 199 public fund companies [10][12]. - The fund's performance has been poor, with negative net returns reported from 2022 to 2024, raising questions about the appropriateness of high salaries in relation to its financial performance [10][13]. Group 3: Market Reactions and Future Implications - The case has sparked discussions about the appropriateness of high salaries in the context of Yimin Fund's limited scale and performance, with some commentators questioning the rationale behind such compensation [9][10]. - The regulatory environment is evolving, with the China Securities Regulatory Commission emphasizing the need for performance-based assessments in fund management, which may further influence salary structures in the industry [13].