来源：凤凰网财经《公司研究院》 基金圈又有大瓜！ 近日，凤凰网财经《公司研究院》发现，一份疑似博时基金的工资单在网上被疯传，博时基金公司内部 的工号、部门、姓名、职级、薪酬等信息被泄露。 财务人员月薪最高是2.75万元，最低是1.385万元；固收部门总监级别：I6、I7级别，如魏某、张某陵、 陈某杨，月薪都在12万以上；资深员工：I5级别，月薪5万-8万。 此前传言招商系旗下博时基金和招商证券限薪300万，虽然两家公司没有表态，但招商证券2022年时， 公司三位高管年薪在300万元以上，但从2023年开始都降到了300万元以下。 | | | 圈二 | | I7.1 | 125,000.00 | | --- | --- | --- | --- | --- | --- | | | | 園二 | | 15.3 | 85,000.00 | | | | 園二 | 1+ | 15.2 | 65,000.00 | | | ZW | 園二 | 女 | 15.1 | 47,000.00 | | | | 固二 | 141 | 13.3 | 35,000.00 | | | | 圈二 | | 13.1 | 30,000.00 | | ...

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].

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].