Monday, April 16, 2007

Seriously, another pay hike?

Singapore PM's salary stuns White House official

WASHINGTON (AFP) - 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

"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.

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Ok, you know, I'm quite pro-PAP in certain aspects. High pay = anti-corruption. I can accept that. Works for the EPL.

But seriously, you're telling me that if we don't raise LSL's salary by 25%, he's gonna either turn corrupt or hop to a private sector job that pays him more?

To quote Eric's msn nickname - "To the 66.6%, well done!"

Even other countries are laughing at us now..

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Heard from my friend who's working in the banking sector that a recession seems imminent. Let's hope it's not true..