Bloomberg: Russian state-owned enterprise executives get any income students

US stock market center: Exclusive offer full industry sector stocks, premarket after-hours, ETF, warrants night network real-time quotes, nightlife net stocks GMT 23 hearing now, the biggest problems facing the Russian economy is what?There is an article by Bloomberg viewpoint website recently replied, not absolute dependence on oil and gas exports, not a Western sanctions imposed because of a problem in Ukraine, but their monopoly of state-owned power sector stifled innovation folk, making inefficient become the norm。  On Thursday, the Russian edition of "Forbes" magazine published the country's business executives annual income rankings, the list is based on 2014 salary statistics come。The list of the top three are the three state-owned company Gazprom, VTB, CEO of Russian oil, the top ten among six people from state-owned enterprises。This is the proportion of state-owned enterprises in the Russian economy which is roughly the same share of。According to the Organization for Economic Cooperation and Development estimates that in 2013, of which 50% of Russia's economic output from the state sector, and this proportion is growing among。60% of banking system assets in the hands of state-owned banks。  According to the Russian "Forbes" data, Gazprom CEO Miller (Alexei Miller) earned $ 27 million last year, seems very limited compared with $ 25 million in progress in 2013, but in fact, it is because his remuneration is paid rubles, and the ruble devaluation last year and the reason。Kostin (Andrei Kostin) annual VTB fetched shrunk from $ 37 million to $ 21 million。Russian oil Sechin (Igor Sechin) pay $ 17.5 million。Putin and Miller If these figures are accurate, then Miller and Sechin 2014 revenue to be more than BP CEO Dudley (Bao Boda force) of US $ 12.74 million。Miller's reward might also prove to be good value for money, after all Russian gas last year's stock performance compared to the MSCI World Energy Index is a lot of good, but Sechin is different, his company's stock performance lagged behind industry market standards, and British petroleum fellow sufferers。  However, to be especially careful comparison also some trouble, because the Russian state-owned enterprise managers' pay is not transparent – even though these companies are listed companies。"Forbes" data is based on corporate disclosure of total compensation data, as well as their own calculations derived synthesis。Last year, the Russian government ordered state-owned enterprises executive pay figures released on their website, but some executives publicly boycott, Russian Railways president Vladimir Yakunin (Yakunin) even threatened that if the government enforce this order, he to resign。Yakunin was expelled this year, but President Vladimir Putin also promised that the company does not publish this information on the grounds that to make state-owned enterprises and private enterprises to compete in a fair premise。Putin and Sechin on last year's list did not actually name Sechin, was caused by a variety of outside speculation。The fact is, "Forbes" estimates, Sechin income was $ 50 million, but immediately was the close friend of Putin, former deputy prime minister of prosecution。Since Forbes refused to disclose news sources, the Russian court sentenced them to lose, so naturally it is impossible for the digital release。Of course, needless to say, during the trial, the chief executive of Russian oil may not disclose their salaries, claiming that only the exact number is not estimated on it。  But this year, Sechin did not appeal。His spokesman Leonid Ignatiev (Mick Hal Laidi Wei) simply said: "We will not confirm that figure。"In fact," Forbes' Russian edition of the original owner of the German publishing group 阿克塞尔施普 Ringer September this year the magazine has been forced to sell to a new owner in Russia, because the new law prohibits foreign companies have Russia media more than 20% of the shares。The new owner is called Fedotov (Alexander Fedotov), who claims he took over the magazine formerly "too political", and "I really believe that those who read the" Forbes who "is not going to officials of interest income. "。Putin and obviously Kostin, Russia Fedotov and many others, in their eyes, Sechin and other state-owned enterprises to help Putin administration aides are in fact officials, rather than managers。This is because their business is as an extension of the government in operation, often as a geopolitical tool and agents come into play when there are significant social, cultural or sports, they will also provide funding for the Government。For Putin and the people around, this is a huge coffers。  Although these large companies, but not how success in business。Bloomberg data show that earnings per share of Russian gas has been a continuous decline in three years, the stock's price-earnings ratio is lower than any non-Russian counterparts。The same is true of Russian oil。As for VTB, last year suffered a loss – although in the Russian banking system, state-owned banks are privileged status。  Although the business is not doing well, but these companies are forced college students flock to Russia。This year Russia's top universities conducted a survey found that graduates of Russian gas is the most desirable work lows, 9,000 respondents, 37% chose the company significantly ahead of Google and Apple。Russian oil ranked sixth on the list, behind Unilever and McKinsey is next。A total of eleven Russian companies entered the top fifty, of which seven are state-owned。Only 7% of students choose to enter start-ups。  For commodity prices, of course, Russia is powerless, even if President Putin's cooperation with the West in the fight against "Islamic State", in exchange for lifting sanctions, the economy will not be particularly big help。However, for these domestic political agents to spend heavily to hire management, low efficiency, the monopolistic state-owned enterprises, operating in Russia there is a huge space – if the removal of the entire system, we can think that the private economy to create a level playing field。The monster is not the country the ability to bring out the recession, they can do is perpetuate the establishment of a state-owned enterprise managers class, so that students would envy – as we have seen, it becomes more and more poor in the country when these people are becoming more and more how rich。(Zijin)