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Paulson also comes to the job with no economic self-interest, says Mr. Chan. Last year, his total compensation came to $16.4 million, which ranked him 81st in executive pay. "He's already wealthy, so he's coming with a desire to try to make a difference versus to enhance his own value."
Originally posted by koji_K
And why do career civil servants so rarely get cabinet posts?
Originally posted by grimreaper797Rich people in business are quickly taken over the entire government. Thats the main characteristic of fascism you know? Government run by business.
George Bush, America's first President with an MBA, has been slapped on the knuckles by 169 concerned business-school professors. In an open letter sent on Oct. 4, the senior business and economics professors say Bush's economic policies are taking the country in the wrong direction. The academics, including two Nobel laureates, are especially critical of the budget deficit, which this year is projected to come in at more than $400 billion.
Originally posted by Justin Oldham
My suspicioun is that Mr. Paulson wants to hold this job just long enough to collect a Federal retirement check and health care benefits. It's not a well known fact, but most cabinet level offices only have to hold their job for three years beforethey can get a Federal retirement check with Executive Service medical benefits.
that may not sound like a big deal, but it is. Executive level Federal employess have full medical, vision, and dental. This includes long term elder care for those who live well in to old age.
Your tax dollars hard at work.