Tuesday, May 17, 2011

Poor Timothy Geithner

Slate's piece on Dominique Strauss-Kahn's compensation says:
DSK's compensation and expenses are in line with his peers, the small handful of central bankers and finance ministers at the helm of the global economy. The president of the World Bank, for instance, makes almost exactly same amount. As per the bank's most recent annual report, Director Robert Zoellick earns $441,980 in salary, plus $79,120 for living expenses.
What's missed is our Treasury Secretary, arguably the most important of that "small handful". He earns $191,300, a cut of more than 50 percent from his NY Fed job. And I'm pretty sure ordinary government travel regulations apply.  He probably could get business class on long trips, seems to me I remember some other Cabinet members successfully arguing the point, but no $3000 hotel suites.

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