Ping An boss gives back salary
25-02-2009
The Chief Executive of Ping An Insurance, Peter Ma, will forgo his salary for the whole of last year, after the company lost US$2.3 billion on its investment in Fortis. The company said he earned US$9.7 million in 2007. It did not give a figure for last year. The insurer has forecast a "significant" drop in profit for 2008.
