President of a regional bank in China suspended for spanking employees for poor performance

A punishment carried out on an auditorium stage Saturday in China -- in full view of around 200 fellow employees of the Rural Commercial Bank in Shanxi province for poor performance -- has left the president of the regional bank and second executive suspended.
The video seems to have been recorded by an audience member before going viral.

People's Daily provides these details about the bank's explanation:
"The announcement made by the Shanxi Rural Credit Cooperatives said that this was a 'Breakthrough in Performance' training session for their employees. The trainers were hired from 'Hongfeng Leadership Academy' in Shanghai. One of the trainers graded their performance on June 18, and punished those who ranked bottom by spanking and cutting hair.
"The bank said it has stopped the training session, asked the Leadership Academy and its trainer to openly apologize, and suspended several managing personnels from the branch. Economic compensation is in discussion for the spanked employees, said the announcement."
According to the South China Morning Post, the man identified as the wood-wielding trainer has apologized for his actions.

Citing the Beijing Times, the Morning Post adds that the trainer, Jiang Yang, explained that he sees spanking as "one of the most effective ways to raise consciousness" — and that he acknowledges that not everyone would agree.