Abstract

Last month, the author wrote about athletes' pay relative to CEOs' pay and he invoked Babe Ruth's famous line justifying being paid more than Pres Herbert Hoover because Ruth had had "a better year." This month, Pres Barack Obama will be sworn in for a second term. His annual salary will be $400,000. Of course, compensation is about a lot more than wages and salaries in most jobs, and it is no different for the president of the US. Consider that the president enjoys a $50,000 "expense allowance" that is not taxed. There are also rewards after leaving office. Again, the president earns $400,000 a year, which is a large amount, relative to what most Americans earn. But it is tiny compared with what he could earn (if he chooses) when he leaves office.

Document Type

Article

Publication Date

1-2013

Publisher Statement

Contents © 2013. Reprinted with permission from WorldatWork. Content is licensed for use by purchaser only. No part of this article may be reproduced, excerpted or redistributed in any form without express written permission from WorldatWork.

Download

Share

COinS