Sunday, July 25, 2010

Big Bucks

Raila Odinga, Kenya's prime minister, recently rejected the pay increase he was awarded by the country's parliament last week.

The Members of Parliament had granted Mr. Odinga a raise to nearly $430,000 a year, while giving themselves a 25 percent 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 the 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.

Read more about how much compensation leaders from around the globe take home.

Source: Economist.com

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