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by cat199
2705 days ago
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> Senator Pay is $174k, which is less than senior developers around the tech world. Isn't this just a stipend to cover housing/food while drumming up kickbacks, insider trade information, or cushy post-office executive positions in many (unfortunate) cases? not sure if we can necessarily rely on base pay as being an accurate measure of income related to being a senator.. |
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Your typical executive will have a base pay well over 200k, and then get a contract kickback based on performance. I have my doubts that any Senator actually makes as much as say... a Microsoft Executive.
And that's like, minor executive level. If you're a 3-letter executive (CEO, CFO, etc. etc.), expect $million+ paychecks with stock compensations on top of that, based on performance. Consider the Sears CEO who destroyed the company, he's making millions extra in bonuses, with a golden parachute to land safely even as the company withers and dies.
https://money.cnn.com/2018/03/29/news/companies/sears-ceo-ra...
He's got enough sense to wipe out his base pay to $1. But we all know that's a fake number anyway. In any case, the amount of money a Senator makes from their position or power is tiny in comparison to positions in private companies. The fact is: the US Government is not in the business of making money. They're in the business of providing essential services to the citizens (Military, Police, Post Office, etc. etc.), of which doesn't typically make a profit.