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People’s Daily: Senior Executives at State-Owned Enterprises Have “Golden Rice Bowls”

The State Newspaper, People’s Daily (overseas edition), published a commentary criticizing the current appointment system for officials at central government-owned enterprises. The commentary was titled “Senior Executive Positions in Central Government-owned Enterprises Are a Means of Compensation; If One Cannot Become Deputy Provincial Governor, He Will Be Appointed Chairman of the Board.” The commentary stated, “Due to pressure from vested interests, the current personnel management at Central Government-owned Enterprises lacks a mechanism of constraints and incentives. Senior executives have become a privileged class, which has a significant negative impact on the national economy. It is imperative that this administrative appointment and dismissal system of personnel management be reformed. The commentary called those highly paid executive positions “golden rice bowls.”

Source: People’s Daily, January 16, 2013