Windwaver Turbocharged October 21, 2011 Share October 21, 2011 This one from yahoo huh, not me http://sg.finance.yahoo.com/news/Top-10-Hi...928230.html?x=0 Brent Radcliffe, On Wednesday 19 October 2011, 0:28 SGT You may think that those wishing to suffer extreme public scrutiny while making decisions that affect millions of citizens would demand the big bucks, but when it comes to pay, many world leaders look like chumps compared to the CEOs of many corporations. While most salaries pale in comparison to the likes of Warren Buffett's, some are downright huge when compared to the people a leader may govern. Top 10 Political Leader's Salary by Country (2010): 1. Lee Hsien Loong (Singapore): $2,183,516 2. Donald Tsang (Hong Kong): $513,245 3. Raila Odinga (Kenya): $427,886 4. Barack Obama (United States): $400,000 5. Nicolas Sarkozy (France): $302,435 6. Stephen Harper (Canada): $296,400 7. Mary McAleese (Ireland): $287,900 8. Julia Gillard (Australia): $286,752 9. Angela Merkel (Germany): $283,608 10. Yoshihiko Noda (Japan): $273,676 Salary Compared to GDP What makes a world leader's pay reasonable or outlandish? One way of making this call is by looking at pay compared to a country's GDP per person at purchasing power parity (PPP). Using PPP helps make a better estimate of just how far money goes in a country, since the cost of living will vary from country to country. Comparing each leader's salary (in international dollars) to the IMF's 2010 PPP figures shows how much more a world leader makes compared to an average joe at home. 1. Raila Odinga (Kenya): 255.30 2. Lee Hsien Loong (Singapore): 38.51 3. Donald Tsang (Hong Kong): 11.17 4. Nicolas Sarkozy (France): 8.92 5. Barack Obama (United States): 8.54 6. Yoshihiko Noda (Japan): 8.08 7. Angela Merkel (Germany): 7.86 8. Stephen Harper (Canada): 7.57 9. Mary McAleese (Ireland): 7.29 10. Julia Gillard (Australia): 7.21 What do these numbers mean? Looking at GDP per person doesn't show how a country stacks up in terms of income inequality, a statistic that can measured using the Gini coefficient. Ranking the leaders by their country's income inequality can really show how far out of touch a leader is with those governed. The Gini coefficient changes things up (zero means perfect equality and one perfect inequality). 1. Donald Tsang (Hong Kong): 0.434 2. Raila Odinga (Kenya): 0.425 3. Lee Hsien Loong (Singapore): 0.425 4. Barack Obama (United States): 0.408 5. Julia Gillard (Australia): 0.352 6. Mary McAleese (Ireland): 0.343 7. Nicolas Sarkozy (France): 0.327 8. Stephen Harper (Canada): 0.326 9. Angela Merkel (Germany): 0.283 10. Yoshihiko Noda (Japan): 0.249 Base Salary Vs. Perks When it comes to what a leader is really paid, a distinction must be made between base salary and additional stipends. Leaders may receive free residences or residential stipends, free healthcare, free travel and other perks. They may be permitted expenses that most people would have to pay for out of pocket. Those figures are more difficult to come by, especially in the murky world of political influence. Less scrupulous world leaders may pad their own bank accounts with their own country's money through corruption. "Transparency International's Corruption Perceptions Index (CPI)," first released in 1995, tracks corruption trends in 178 countries. It assigns a rank of 10 to countries deemed clean, and zero to countries considered highly corrupt. Ranking the leaders by how corrupt their countries are, the ranking shifts to the following: 1. Raila Odinga (Kenya): 2.1 2. Nicolas Sarkozy (France): 6.8 3. Barack Obama (United States): 7.1 4. Yoshihiko Noda (Japan): 7.8 5. Angela Merkel (Germany): 7.9 6. Mary McAleese (Ireland): 8 7. Donald Tsang (Hong Kong): 8.4 8. Julia Gillard (Australia): 8.7 9. Stephen Harper (Canada): 8.9 10. Lee Hsien Loong (Singapore): 9.3 Of these countries, only three would not be considered "full democracies" by the "Economist Intelligence Unit's Democracy Index:" Kenya, Hong Kong and Singapore. The Bottom Line What do all of these numbers tell us? Leaders of advanced economies earn very similar salaries to each other, and those countries tend to be less corrupt and more democratic. While Lee Hsien Loong may earn 38 times the average resident of Singapore, his country is considered a good place to do business even if it is not fully democratic. On the other end of the spectrum, Raila Odinga earns an incredible amount more than the people he governs, and presides over a country that Transparency International would consider one of the most corrupt around (ranked 154 out of 178 countries). ↡ Advertisement Link to post Share on other sites More sharing options...
Mecontle 1st Gear October 21, 2011 Share October 21, 2011 hands up if u think sg is corrupt free Link to post Share on other sites More sharing options...
Juzzme 3rd Gear October 21, 2011 Share October 21, 2011 Corruption is getting $ thru illicit means. When the law says can take $, its entirely legit. Whether the effect is the same..... Link to post Share on other sites More sharing options...
1fast1 Supersonic October 22, 2011 Share October 22, 2011 hands up if u think sg is corrupt free Link to post Share on other sites More sharing options...
Tom_kkh 1st Gear October 22, 2011 Share October 22, 2011 its old news Ah lees is the highest paid minister in the world. even if we post/complain till the cows come home, nothing gonna change it, so embrace it Link to post Share on other sites More sharing options...
KARTer 2nd Gear October 22, 2011 Share October 22, 2011 (edited) . Edited October 22, 2011 by KARTer Link to post Share on other sites More sharing options...
Mr_b20 6th Gear October 22, 2011 Share October 22, 2011 with LEEgalised corruption self-dictated million dollar salary, who needs illegal corruption ? Link to post Share on other sites More sharing options...
NightWind 4th Gear October 22, 2011 Share October 22, 2011 These are ranked by country (i.e. one leader per country criteria). If you omit this criteria you will see ALL THE TOP TEN HIGHEST PAID "LEADERS" ALL ARE SINGAPORE PAP MILLION DOLLAR MINISTERS. All our million dollar salaried ministers easily earn more than the second runner up Donald Tsang. Talk about leeching the system......bloody pigs from Animal Farm.... This one from yahoo huh, not me http://sg.finance.yahoo.com/news/Top-10-Hi...928230.html?x=0 Brent Radcliffe, On Wednesday 19 October 2011, 0:28 SGT You may think that those wishing to suffer extreme public scrutiny while making decisions that affect millions of citizens would demand the big bucks, but when it comes to pay, many world leaders look like chumps compared to the CEOs of many corporations. While most salaries pale in comparison to the likes of Warren Buffett's, some are downright huge when compared to the people a leader may govern. Top 10 Political Leader's Salary by Country (2010): 1. Lee Hsien Loong (Singapore): $2,183,516 2. Donald Tsang (Hong Kong): $513,245 3. Raila Odinga (Kenya): $427,886 4. Barack Obama (United States): $400,000 5. Nicolas Sarkozy (France): $302,435 6. Stephen Harper (Canada): $296,400 7. Mary McAleese (Ireland): $287,900 8. Julia Gillard (Australia): $286,752 9. Angela Merkel (Germany): $283,608 10. Yoshihiko Noda (Japan): $273,676 Salary Compared to GDP Link to post Share on other sites More sharing options...
Windwaver Turbocharged October 22, 2011 Author Share October 22, 2011 Heehee, really wonder if we should start paying ministers by IQ level instead Link to post Share on other sites More sharing options...
Tanahbeng Neutral Newbie October 22, 2011 Share October 22, 2011 Where is to lowest paid leader? ↡ Advertisement Link to post Share on other sites More sharing options...
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