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 institutions and raising questions about executive compensation in relation to company performance [1][7]. Group 1: Salary Cap and Legal Disputes - Yimin Fund adjusted the salaries of its management team in response to the financial industry's salary cap policy, resulting in a significant salary reduction for its HR manager, Zhao, by approximately 44% [2][3]. - Zhao contested the unilateral salary and position changes, leading to a court case where the court ruled in favor of Zhao, ordering Yimin Fund to pay compensation for wrongful termination and unpaid vacation [4][6]. Group 2: Company Performance and Compensation Concerns - As of Q1 2025, Yimin Fund managed only 8.2 billion yuan in assets, ranking 175th among 199 public fund companies, raising concerns about the appropriateness of high salaries in light of poor performance [1][7]. - The fund's largest products, Yimin Innovation Advantage and Yimin Dividend Growth, have underperformed against their benchmarks, with total returns significantly lagging [8]. Group 3: Regulatory Context and Future Implications - The financial sector is undergoing scrutiny regarding executive compensation, with new regulations emphasizing performance-based pay linked to fund returns, aiming to align management incentives with investor interests [9]. - The recent court ruling and the ongoing discussions about salary caps reflect a broader trend in the industry towards more stringent compensation practices and accountability [5][9].

近日，一份裁判文书引发热议，掀起了金融业"限薪令"下小型公募机构生态一角。 据北京市第二中级人民法院披露的民事判决书，2023年，某基金管理公司（判决书显示为益民基金）为 执行金融业限薪令，下调公司管理层人员等薪酬；此外，该公司根据人员情况等，将人力资源部总经理 赵某调整为综合管理部行政经理，取消其每月岗位津贴1.9万元。在赵某提出异议后，益民基金以不服 从调岗安排为由解除了赵某劳动合同。裁判书显示，自2021年12月开始，赵某工资为4.35万元每月。 法院一审判决，益民基金支付赵某违法解除劳动合同赔偿金94.7万元，还有其2021年至2023年未休年假 工资6.63万元。法院二审维持一审判决。Wind数据显示，截至2025年一季度末，益民基金旗下产品规模 仅8.2亿元，行业排名第175位。 据裁判书，从2021年12月开始，赵某工资构成和标准为：基本工资23000元、岗位工资19000元、司龄津 贴1500元，共计43500元每月。赵某岗位工资被取消后，工资降幅约44%。 裁判书指出，赵某认为益民基金在未与其协商的情况下，单方通知其降岗降薪，在其提出异议后，以拒 不服从公司调岗安排为由解除劳动合同，其公司行 ...