The 10 highest paid politicians in the world
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Originally posted by soul_rage:
Ok, I stop poking fun at you.
Sometimes, the simple question is not a simple question, your question
"Public and private, which gets more pay, on average" is not easy to answer, coz you are making it too general.
First of all, a starting job in the public sector mostly can be higher than the private sector.
Overtime, the private sector pay may catch up coz increments can be larger depending on company performance. For example, in this horrible crisis, public sector pay should be better than private sector pay right now.
Basically, if you want a stable job, go to public for its stable increments and job security, but private offers more risks and benefits as well.
So like I said, there's no sacrifice of one over the other.
i think in terms of starting, private is not that far behind, if you take into account bonuses.
public sectors bonus is usually quite standard, 1 month, at best 2.
for private, some bankers and engineers get up to 9 month bonus. at worse, it could be 0, but that should be quite extreme. if you mixed it up, starting about the same, long run private wins.
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Originally posted by skythewood:
i think in terms of starting, private is not that far behind, if you take into account bonuses.
public sectors bonus is usually quite standard, 1 month, at best 2.
for private, some bankers and engineers get up to 9 month bonus. at worse, it could be 0, but that should be quite extreme. if you mixed it up, starting about the same, long run private wins.
It really depends
Don't forget you have Mandarins in public sector, that can earn up to $30,000 in their mid 30s.
Basically, if you talk about bankers and top engineers, then you should compare these top people to the Mandarins (the equivalent top talents of the public sector)
And for bankers, there is a huge portion that is also variable (based on the business they can bring in).
Compartively, the stress in private can also be much higher. Bankers' performance are reviewed quarterly, and they may be ask to go if they do not bring in enough. Their job is only safe for 3 months interval.
In my job, I must consistently justify the need for my team to be around. The private is consistently looking for ways to cut costs.
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Originally posted by soul_rage:
It really depends
Don't forget you have Mandarins in public sector, that can earn up to $30,000 in their mid 30s.
Basically, if you talk about bankers and top engineers, then you should compare these top people to the Mandarins (the equivalent top talents of the public sector)
And for bankers, there is a huge portion that is also variable (based on the business they can bring in).
Compartively, the stress in private can also be much higher. Bankers' performance are reviewed quarterly, and they may be ask to go if they do not bring in enough. Their job is only safe for 3 months interval.
In my job, I must consistently justify the need for my team to be around. The private is consistently looking for ways to cut costs.
i will get back to you when i find out what your Mandarins means...
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Originally posted by skythewood:
i will get back to you when i find out what your Mandarins means...
let me explain to you
Mandarin officers are the top talents in the govt. Why they are called mandarins is referring to the old chinese traditions, where you have people called 状元 in the courts.
On another pt worth to discuss, my friend's organization practises survival of the fittest.
Every year, the bottommost 10% are asked to leave the organization. Never mind if everyone are good performers, the organization believes in consistent renewals
And it's not only his organization. Several other people I spoke to mentioned about this practice as well. That's why certain organizations are consistently in the Recruit section, not because they are expanding, but because they consistently get rid of people.
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Originally posted by soul_rage:
let me explain to you
Mandarin officers are the top talents in the govt. Why they are called mandarins is referring to the old chinese traditions, where you have people called 状元 in the courts.
On another pt worth to discuss, my friend's organization practises survival of the fittest.
Every year, the bottommost 10% are asked to leave the organization. Never mind if everyone are good performers, the organization believes in consistent renewals
And it's not only his organization. Several other people I spoke to mentioned about this practice as well. That's why certain organizations are consistently in the Recruit section, not because they are expanding, but because they consistently get rid of people.
I see, so they are the top elites, the 状元...
who should than be compared to other top elites bah... do they earn more than their counterparts in private sector?
hhmmm, getting rid of people ah... just like the army...
There are arguments about this constant renewal techniques, like it breeds more back stabbing and rivalries, and less cooperation among teams, which will make the company lose out more in the long run. Some argue that it will be better if the percentage is adjusted to 2%, and some argue the politics of currying flavour from the boss, and the disadvantage of being the new guy comes in too...
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except for the highest paid politician, the other 9 highest paid politicians in the world listed by times and the australian are all wrong. the honour should go to sg!
Singapore's
World Records
On this small island lives the 30 best-paid politicians in the world, comments a blogger. MySingaporeNews.
Apr 3, 2009
As the economic crisis worsens and thousands are being retrenched, the huge salaries of Singapore's political leaders have come under the spotlight not only here - but overseas.
With G20 leaders gathering in London to work out solutions to the global crisis, the Times compiled a list of "the 10 best-paid politicians in the world" - naturally with Singapore's Prime Minister Lee Hsien Loong taking the top spot.
The story was picked up by The Australia, which also works out their salaries when ranked against population.
Mr Lee earns S$3.76 million (US$2.47 million) a year, excluding bonuses, allowances, pensions, etc which add on a significant bit.
This is about 54 cents per head of population. In second position was his counterpart from New Zealand at 9 cents. The rest of the world are all down there, below even the lowest-ranking minister in Singapore.
But Singaporean blogger redbean's "My Singapore News" carries a calculation from its reader, Green Peas, expanding on the UK and Australian reports.
It pointed out that the world's 30 best-paid politicians (a definition that will include ministers, elected president, etc) are all from Singapore.
Here's what the blogger says:
The TOP 30 highest paid politicians in the world are all from Singapore:
1. Elected President SR Nathan - S$3.9 million.
2. Prime Minister Lee Hsien Loong - S$3.8 million.
3. Minister Mentor Lee Kuan Yew - S$3.5 million.
4. Senior Minister Goh Chok Thong - S$3.5 million.
5. Senior Minister Prof Jayakumar - S$3.2 million.
6. DPM & Home Affairs Minister Wong Kan Seng - S$2.9 million.
7. DPM & Defence Minister Teo Chee Hean - $2.9 million
8. Foreign Affairs Minister George Yeo - S$2.8 million.
9. National Development Minister Mah Bow Tan - S$2.7 million.
10. PMO Miniser Lim Boon Heng - S$2.7 million.
11. Trade and Industry Minister Lim Hng Kiang - S$2.7 million.
12. PMO Minister Lim Swee Say - S$2.6 million.
13. Environment Minister & Muslim Affairs Minister Dr Yaccob Ibrahim - S$2.6 million.
14. Health Minister Khaw Boon Wan - S$2.6 million.
15. Finance Minister S Tharman - S$2.6 million.
16. Education Minister & 2nd Minister for Defence Dr Ng Eng Hen - S$2.6 million.
17. Community Development Youth and Sports Minister - Dr Vivian Balakrishnan - S$2.5 million.
18. Transport Minister & 2nd Minister for Foreign Affairs Raymond Lim Siang Kiat - S$2.5 million.
19. Law Minister & 2nd Minister for Home Affairs K Shanmugam - S$2.4 million.
20. Manpower Minister Gan Kim Yong - S$2.2 million.
21. PMO Minister Lim Hwee Hwa - S$2.2 million.
22. Acting ICA Minister - Lui Tuck Yew - S$2.0 million.
23 to 30 = Senior Ministers of State and Ministers of State - each getting between S$1.8 million to S$1.5 million.
Note: 1. The above pay does not include MP allowances, pensions and other sources of income such as Directorship, Chairmnship, Advisory, Consultancy, etc to Gov-linked and gov-related organisations or foreign MNCs such as Citigroup, etc.
2. Though it is based on an estimate, the data cannot be far off the official salary scales.
The above was posted in redbeanforum by Green Peas.
(London Times report: http://timesbusiness.typepad.com/money_weblog/2009/04/the-10-highest-paid-politicians-in-the-world.html)
http://mysingaporenews.blogspot.com/2009/04/top-30-highest-paid-politicians-in.html -
Originally posted by lotus999:
except for the highest paid politician, the other 9 highest paid politicians in the world listed by time and the australian are all wrong. the honours should go to sg!
Singapore's
World Records
On this small island lives the 30 best-paid politicians in the world, comments a blogger. MySingaporeNews.
Apr 3, 2009
As the economic crisis worsens and thousands are being retrenched, the huge salaries of Singapore's political leaders have come under the spotlight not only here - but overseas.
With G20 leaders gathering in London to work out solutions to the global crisis, the Times compiled a list of "the 10 best-paid politicians in the world" - naturally with Singapore's Prime Minister Lee Hsien Loong taking the top spot.
The story was picked up by The Australia, which also works out their salaries when ranked against population.
Mr Lee earns S$3.76 million (US$2.47 million) a year, excluding bonuses, allowances, pensions, etc which add on a significant bit.
This is about 54 cents per head of population. In second position was his counterpart from New Zealand at 9 cents. The rest of the world are all down there, below even the lowest-ranking minister in Singapore.
But Singaporean blogger redbean's "My Singapore News" carries a calculation from its reader, Green Peas, expanding on the UK and Australian reports.
It pointed out that the world's 30 best-paid politicians (a definition that will include ministers, elected president, etc) are all from Singapore.
Here's what the blogger says:
The TOP 30 highest paid politicians in the world are all from Singapore:
1. Elected President SR Nathan - S$3.9 million.
2. Prime Minister Lee Hsien Loong - S$3.8 million.
3. Minister Mentor Lee Kuan Yew - S$3.5 million.
4. Senior Minister Goh Chok Thong - S$3.5 million.
5. Senior Minister Prof Jayakumar - S$3.2 million.
6. DPM & Home Affairs Minister Wong Kan Seng - S$2.9 million.
7. DPM & Defence Minister Teo Chee Hean - $2.9 million
8. Foreign Affairs Minister George Yeo - S$2.8 million.
9. National Development Minister Mah Bow Tan - S$2.7 million.
10. PMO Miniser Lim Boon Heng - S$2.7 million.
11. Trade and Industry Minister Lim Hng Kiang - S$2.7 million.
12. PMO Minister Lim Swee Say - S$2.6 million.
13. Environment Minister & Muslim Affairs Minister Dr Yaccob Ibrahim - S$2.6 million.
14. Health Minister Khaw Boon Wan - S$2.6 million.
15. Finance Minister S Tharman - S$2.6 million.
16. Education Minister & 2nd Minister for Defence Dr Ng Eng Hen - S$2.6 million.
17. Community Development Youth and Sports Minister - Dr Vivian Balakrishnan - S$2.5 million.
18. Transport Minister & 2nd Minister for Foreign Affairs Raymond Lim Siang Kiat - S$2.5 million.
19. Law Minister & 2nd Minister for Home Affairs K Shanmugam - S$2.4 million.
20. Manpower Minister Gan Kim Yong - S$2.2 million.
21. PMO Minister Lim Hwee Hwa - S$2.2 million.
22. Acting ICA Minister - Lui Tuck Yew - S$2.0 million.
23 to 30 = Senior Ministers of State and Ministers of State - each getting between S$1.8 million to S$1.5 million.
Note: 1. The above pay does not include MP allowances, pensions and other sources of income such as Directorship, Chairmnship, Advisory, Consultancy, etc to Gov-linked and gov-related organisations or foreign MNCs such as Citigroup, etc.
2. Though it is based on an estimate, the data cannot be far off the official salary scales.
The above was posted in redbeanforum by Green Peas.
(London Times report: http://timesbusiness.typepad.com/money_weblog/2009/04/the-10-highest-paid-politicians-in-the-world.html)
http://mysingaporenews.blogspot.com/2009/04/top-30-highest-paid-politicians-in.html.........
stop the wall of text lah.... not like we all don't know that. any minister also at least a million, and you still wall of text here.....
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INSANE!
These peope suck how much blood from public funds?
Crazy.
Just Crazy.
Bunch of money minded freaks.
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Originally posted by lotus999:
except for the highest paid politician, the other 9 highest paid politicians in the world listed by times and the australian are all wrong. the honour should go to sg!
Singapore's
World Records
On this small island lives the 30 best-paid politicians in the world, comments a blogger. MySingaporeNews.
Apr 3, 2009
As the economic crisis worsens and thousands are being retrenched, the huge salaries of Singapore's political leaders have come under the spotlight not only here - but overseas.
With G20 leaders gathering in London to work out solutions to the global crisis, the Times compiled a list of "the 10 best-paid politicians in the world" - naturally with Singapore's Prime Minister Lee Hsien Loong taking the top spot.
The story was picked up by The Australia, which also works out their salaries when ranked against population.
Mr Lee earns S$3.76 million (US$2.47 million) a year, excluding bonuses, allowances, pensions, etc which add on a significant bit.
This is about 54 cents per head of population. In second position was his counterpart from New Zealand at 9 cents. The rest of the world are all down there, below even the lowest-ranking minister in Singapore.
But Singaporean blogger redbean's "My Singapore News" carries a calculation from its reader, Green Peas, expanding on the UK and Australian reports.
It pointed out that the world's 30 best-paid politicians (a definition that will include ministers, elected president, etc) are all from Singapore.
Here's what the blogger says:
The TOP 30 highest paid politicians in the world are all from Singapore:
1. Elected President SR Nathan - S$3.9 million.
2. Prime Minister Lee Hsien Loong - S$3.8 million.
3. Minister Mentor Lee Kuan Yew - S$3.5 million.
4. Senior Minister Goh Chok Thong - S$3.5 million.
5. Senior Minister Prof Jayakumar - S$3.2 million.
6. DPM & Home Affairs Minister Wong Kan Seng - S$2.9 million.
7. DPM & Defence Minister Teo Chee Hean - $2.9 million
8. Foreign Affairs Minister George Yeo - S$2.8 million.
9. National Development Minister Mah Bow Tan - S$2.7 million.
10. PMO Miniser Lim Boon Heng - S$2.7 million.
11. Trade and Industry Minister Lim Hng Kiang - S$2.7 million.
12. PMO Minister Lim Swee Say - S$2.6 million.
13. Environment Minister & Muslim Affairs Minister Dr Yaccob Ibrahim - S$2.6 million.
14. Health Minister Khaw Boon Wan - S$2.6 million.
15. Finance Minister S Tharman - S$2.6 million.
16. Education Minister & 2nd Minister for Defence Dr Ng Eng Hen - S$2.6 million.
17. Community Development Youth and Sports Minister - Dr Vivian Balakrishnan - S$2.5 million.
18. Transport Minister & 2nd Minister for Foreign Affairs Raymond Lim Siang Kiat - S$2.5 million.
19. Law Minister & 2nd Minister for Home Affairs K Shanmugam - S$2.4 million.
20. Manpower Minister Gan Kim Yong - S$2.2 million.
21. PMO Minister Lim Hwee Hwa - S$2.2 million.
22. Acting ICA Minister - Lui Tuck Yew - S$2.0 million.
23 to 30 = Senior Ministers of State and Ministers of State - each getting between S$1.8 million to S$1.5 million.
Note: 1. The above pay does not include MP allowances, pensions and other sources of income such as Directorship, Chairmnship, Advisory, Consultancy, etc to Gov-linked and gov-related organisations or foreign MNCs such as Citigroup, etc.
2. Though it is based on an estimate, the data cannot be far off the official salary scales.
The above was posted in redbeanforum by Green Peas.
(London Times report: http://timesbusiness.typepad.com/money_weblog/2009/04/the-10-highest-paid-politicians-in-the-world.html)
http://mysingaporenews.blogspot.com/2009/04/top-30-highest-paid-politicians-in.htmlVery informative list.
Thanks.
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so many millions.
so much for the millions on helping the many millions here struggling to stay afloat.
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1. Elected President SR Nathan - S$3.9 million.
2. Prime Minister Lee Hsien Loong - S$3.8 million.
3. Minister Mentor Lee Kuan Yew - S$3.5 million.
4. Senior Minister Goh Chok Thong - S$3.5 million.
5. Senior Minister Prof Jayakumar - S$3.2 million.
6. DPM & Home Affairs Minister Wong Kan Seng - S$2.9 million.
7. DPM & Defence Minister Teo Chee Hean - $2.9 million
8. Foreign Affairs Minister George Yeo - S$2.8 million.
9. National Development Minister Mah Bow Tan - S$2.7 million.
10. PMO Miniser Lim Boon Heng - S$2.7 million.
11. Trade and Industry Minister Lim Hng Kiang - S$2.7 million.
12. PMO Minister Lim Swee Say - S$2.6 million.
13. Environment Minister & Muslim Affairs Minister Dr Yaccob Ibrahim - S$2.6 million.
14. Health Minister Khaw Boon Wan - S$2.6 million.
15. Finance Minister S Tharman - S$2.6 million.
16. Education Minister & 2nd Minister for Defence Dr Ng Eng Hen - S$2.6 million.
17. Community Development Youth and Sports Minister - Dr Vivian Balakrishnan - S$2.5 million.
18. Transport Minister & 2nd Minister for Foreign Affairs Raymond Lim Siang Kiat - S$2.5 million.
19. Law Minister & 2nd Minister for Home Affairs K Shanmugam - S$2.4 million.
20. Manpower Minister Gan Kim Yong - S$2.2 million.
21. PMO Minister Lim Hwee Hwa - S$2.2 million.
22. Acting ICA Minister - Lui Tuck Yew - S$2.0 million.
23 to 30 = Senior Ministers of State and Ministers of State - each getting between S$1.8 million to S$1.5 million.Small island, small population but most expensive government in the world.
Ludicrous.
This type of bullshit regime, how to support?
Pui.
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Originally posted by skythewood:
.........
stop the wall of text lah.... not like we all don't know that. any minister also at least a million, and you still wall of text here.....
It's good to always remind us what a lot of bloodsuckers we are dealing with.
Instead of arguing with me about me saying that their pay is too high, if you look at lotus999 list, it's really ridiculous. We can see that our leaders are very similar to AIG, rewarding themselves consistently without much justification.
By the way, if you notice, there are many people who are working and are pretty frustrated with our leaders. It's not a fluke. If there's only me being upset, you can say its an exception, but the anger is getting stronger.
Simply put, once you start earning, you will find that you have many responsibilities, it gets worse when you have a family. And then every year, they come to you and demand income taxes from you. And not to mention, they raise the GST to make your burdens get worse.
There will come a time when you question why you are paying taxes, whether the taxes are being put to good use. And then you see reports of them rewarding themselves with our money, and of course, you will start to get frustrated.
Like I said, you will only start to comprehend when you experience being squeezed by taxes. When you realized that compared to them, you are earning peanuts, and you are taxed endlessly, and then they self-reward themselves with such exhorbidant amts...
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Originally posted by skythewood:
.........
stop the wall of text lah.... not like we all don't know that. any minister also at least a million, and you still wall of text here.....
yah, i should also go to msia for posting the wall of text, to quote your favourite infantile retort.
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Originally posted by soul_rage:
It's good to always remind us what a lot of bloodsuckers we are dealing with.
Instead of arguing with me about me saying that their pay is too high, if you look at lotus999 list, it's really ridiculous. We can see that our leaders are very similar to AIG, rewarding themselves consistently without much justification.
i see a list of highly paid ministers. so? not that i didn't know that already.
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Originally posted by lotus999:
yah, i should also go to msia for posting the wall of text, to quote your favourite infantile retort.
you want to go, go ahead. I not the internet police.
Can't you make your post more user friendly? Even the Ah Chia agreed by reposting your post. and he is also a wall of text enthusiast, so you should understand how bad that was.
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Originally posted by skythewood:
i see a list of highly paid ministers. so? not that i didn't know that already.
you still don't understand what I tell you?
Like I said, once you start working, then you will truly know the pain. Right now, they are just a set of figures to you, that you have no idea why it makes so many of us here so upset about.
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Originally posted by lionnoisy:
Recently,the world calls for low pay or no pay to CEO,ect excutives if
their companies losing money!!
Ok.If we apply to nations as companies and The Head of Excuitives as CEO,
ie Presidents of USA,PM of UK and SG etc,then how much do u think the
past Exceutives Head of the G20 worth?
The current crisis have been breed for long lond time say 20 years.
So,the past CEO caused this messy.
I think they need return all of the salary!!
wat a mess!!
http://seekingalpha.com/article/125072-debt-loads-of-g20-nations-japan-u-s-deep-in-the-hole
<script type="text/javascript">GA_googleFillSlot_sa("Search_195x45_Dropdown");</script>Loading...Authors:<script type="text/javascript">GA_googleFillSlot_sa("Search_195x45_Quote_Dropdown");</script>Loading...Symbols:<!-- for sasb -->
<!---->Debt Loads of G20 Nations: Japan, U.S. Deep in the Hol
Haha....online cyber agent..but why the ing ge lish so poor huh? -
Originally posted by charlize:
Top 10 list should belong to singapore.
yo brudder, i think u mean top 50 lah. -
PAP's theory why they pay our leaders top dollars is becos they want to attract and retain talents.
Going by that theory, none of the leaders in those major countries are talents.
The current S. Korean president was the chairman of hyundai. His father was a cattle farmer. And his salary is not even in the top ten.
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Originally posted by skythewood:
I see, so they are the top elites, the 状元...
who should than be compared to other top elites bah... do they earn more than their counterparts in private sector?
hhmmm, getting rid of people ah... just like the army...
There are arguments about this constant renewal techniques, like it breeds more back stabbing and rivalries, and less cooperation among teams, which will make the company lose out more in the long run. Some argue that it will be better if the percentage is adjusted to 2%, and some argue the politics of currying flavour from the boss, and the disadvantage of being the new guy comes in too...
the teaching profession is like this
except that the bottom 10% is given much less bonus instead of being asked to leave
thus a lot of back stabbing
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http://www.econstats.com/weo/CAUS.htm
lets base on the above and do some maths.
Lets see how CEO of Singapore,Inc,is PM LHL, worth every single cent.
Salary = annual salary of Executive Head,President or PM in USD$
per capita--GDP per capita at PPP in USD$
Ratio--salary/ per capita as defined above
%=Net national reserve +/debts -- in term GDP(%),in USD
Temask and GIC total net assets amount to over UD$220 billions.
@@@@@@@@@@@
Country..... salary ..per capita$...Ratio...reserve/debts %
USA.......400,000...46,000..........8.7................--77%
SG........2.47 m......47,000.........52.5.................+100%
@@@@@@@@@@@@
U CAN COMPLIE other G 20 countries etc to compare.
wat is the Fxxking use when a country is in heavy debt,for generations,
but the President is so called low pay!!
Like Cantonese say goes,
GOOD THINGS NEVER CHEAP.
CHEAP THING NEVER GOOD.
If anyone tell u cheap and good,beware this is another Mini Bond!!
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GOOD THINGS NEVER CHEAP.
The cha bee hoon sold below my flat is cheap and good.
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Originally posted by Ah Chia:
GOOD THINGS NEVER CHEAP.
The cha bee hoon sold below my flat is cheap and good.
Uncle, then u go ahead and eat cha bee hoon everyday, and when your final day come, i cook curry chicken for you with cha bee hoon. -
As our MM said, we need good quality and able people with good paids to sustain our country growth. Our paid is transparent to all, because we knows that thru corruption, we can much much more than this..but we are not.
So dun look at other countries politicians low paid, corruption alone can bring damn billions per year. Siao siao.
And also, he said that, you need to paid millions for people to take cares of a multi-billions asset state. If you pay peanut, you get monkey. Just like some of the Uncles here, being paid peanut by opposition.
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Originally posted by lionnoisy:
http://www.econstats.com/weo/CAUS.htm
lets base on the above and do some maths.
Lets see how CEO of Singapore,Inc,is PM LHL, worth every single cent.
Salary = annual salary of Executive Head,President or PM in USD$
per capita--GDP per capita at PPP in USD$
Ratio--salary/ per capita as defined above
%=Net national reserve +/debts -- in term GDP(%),in USD
Temask and GIC total net assets amount to over UD$220 billions.
@@@@@@@@@@@
Country..... salary ..per capita$...Ratio...reserve/debts %
USA.......400,000...46,000..........8.7................--77%
SG........2.47 m......47,000.........52.5.................+100%
@@@@@@@@@@@@
U CAN COMPLIE other G 20 countries etc to compare.
wat is the Fxxking use when a country is in heavy debt,for generations,
but the President is so called low pay!!
Like Cantonese say goes,
GOOD THINGS NEVER CHEAP.
CHEAP THING NEVER GOOD.
If anyone tell u cheap and good,beware this is another Mini Bond!!
Do you know the difference between a Budget Deficit Policy vs a Budget Surplus Policy?
Coz if you do, you wouldn't use the above as a feeble attempt on explaining why our ministers should be paid that much.