Wednesday, April 11, 2007

Singapore PM's salary stuns White House official

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More random surfing brings up interesting news!!!


Taken from Yahoo Singapore News:

"A senior White House official on Tuesday admitted he was floored by the news that Singapore's prime minister earned five times more than US President George W. Bush.

"I'm going to emigrate and run for office in Singapore," the official said on condition he be identified only as "a senior administration official who sits in disbelief after reading that story."

On Monday, the Singapore government had announced a fresh 25.5 percent pay hike for Prime Minister Lee Hsien Loong, boosting his salary to 2.05 million dollars per year.

Bush gets paid 400,000 dollars per year for doing his job, according to the White House.

Combined with personal investment income, he and his wife Laura reported 618,694 dollars in taxable income in the 2005 fiscal year. They had to pay 187,768 dollars in federal taxes.

But maybe Bush shouldn't feel so bad. The Singaporean's paycheck is eight times fatter than Japanese Prime Minister Shinzo Abe's"


Looks like this is one way to attract even more foreign talent :p Someone better remind that "senior administration official" he should be joining ONLY the PAP



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