Mayor Bloomberg Relies On a Different Pay Scale
Mayor Bloomberg raised a few eyebrows when he said earlier today that President Obama "does not get paid very much." City Room details just how much the president makes a year when you factor in some of the perks that come along with the job: "As president, Mr. Obama earns $400,000 a year. He has a $50,000 expense account, a $100,000 nontaxable travel account and a $19,000 entertainment budget. Mr. Obama's total compensation package: $569,000 a year. That is 11 times the median household income in the United States." Of course, it's also what Bloomberg probably collects in interest over the course of a couple of days so, you know, it's all relative. [NYT/City Room]