Professor Mark J. Perry's Blog for Economics and Finance
Ben Bernanke's salary in 2008 was $191,300. What do other heads of the central banks around the world make per year, and who is the highest paid central banker in the world? Find out here.
Posted @ 8:04 AM Post Link
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. Perry is currently on sabbatical from the University of Michigan and is a visitor at The American Enterprise Institute in Washington, D.C.
8 Comments:
Before I read that I would have never guessed Hong Kong. Bernake has the most power by far of all those men but I am thinking, that like being president, people take on jobs like this for a reason other than the paycheck.
They don't get paid a lot while in public office but when they are out...all they have to do is give some speech...write a book and/or memori and then they're rich.
Maybe Hong Kong with give Bernankie the equivalent of an H1-B visa; then, they'll save approximately one million dollars.
You would think that Yam could afford a decent haircut. I digress.
and don't they get to translate many of their holdings in securities into TAX-FREE Treasury bonds or something like that? which is, like, a LOT of money they're effectively getting in tax savings...
sorry, i didn't mean the Treasury bonds, or whatever they get in return, are tax-free, but I think they get to make the swap tax-free....
Just thinking back, I remember Allen Greenspan saying or the TV interviewer saying he did not have any stock investments. He thought it would be a conflict of interest. But he held US Treasuries instead.
But he's the one who moved to keep interest rates so low (and T Bond prices high). In fact, with rates so low again, he made out like a bandit.
In my mind he is worth every cent (and more)...
GNE
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