Wednesday 28 July, 2010

Leaders of the fee world - The Economist

I am not sure how one should react to this, but I am feeling good about it. Read the report from The Economist.
May be we are at the bottom cuz most politicians don't really count on salaried income.

The Economist


Politicians' salaries

Leaders of the fee world

How much a country's leader is paid compared to GDP per person

ON MONDAY July 5th Raila Odinga, Kenya's prime minister, rejected the pay increase he was awarded by the country's parliament last week. MPs had granted Mr Odinga a rise to nearly $430,000 a year, while giving themselves a 25% increase to $161,000. This boost would place Mr Odinga among the highest-paid political leaders in the world. More worryingly, his salary would be some 240 times greater than the country's GDP per person (measured on a purchasing-power parity basis). Lee Hsien Loong, the prime minister of Singapore, tops our list of selected leaders' salaries. He is paid more than 40 times the city-state’s GDP per person. At the other end of the scale, Manmohan Singh, the prime minister of India, reaffirms his reputation for saintliness by taking a modest sum from Indian taxpayers.