25 Jan '12, 1am

"Why Singapore has the cleanest government money can buy": Bloomberg editorial

SINGAPORE - Singapore's Prime Minister, Mr Lee Hsien Loong, isn't often taken publicly to task. But when you make S$3.1 million annually to run a country, people tend to expect results. When they don't get them, the aggrieved masses turn to that lowest-of-common-denominator gripes: Hey, how much are we paying this guy? Lots compared with, say, Mr Barack Obama, who as United States president gets US$400,000 (S$507,000) a year. Mr Lee's compensation will fall 36 per cent, and that of Singapore's President will drop 51 per cent, to S$1.54 million. The cuts were based on the recommendations of an advisory committee formed three weeks after last May's elections, when Opposition party candidates made hay with the pay issue - and the ruling People's Action Party won with the narrowest margin since Independence in 1965. Such still-fat paychecks may give pause. Yet let's applaud Si...

Full article: http://www.todayonline.com/Singapore/EDC120125-0000095/Wh...

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