Hacker News new | ask | show | jobs
by alphaomegacode 852 days ago
Excellent idea. Let's start with lowering wages across the board at the Federal Reserve.
3 comments

Jerome Powell, when asked, said his annual salary is about $190,000[1]. Even though he got it slightly wrong (it is actually $226,300[2]), it doesn't strike me as unusual given the position he occupies.

Also, from the linked article:

"The website for the Board of Governors of the Federal Reserve System reports that the Fed Chair's salary in 2019 was set at $203,500. It also says that the annual pay for other Board members that year was $183,100.

Meanwhile, according to Equilar data cited by Fortune, the median pay among CEOs of the top 100 US companies clocks in at about $20 million."

[1] (https://finance.yahoo.com/news/fed-chief-jerome-powell-says-...)

[2] https://www.the-independent.com/news/world/americas/us-polit...

Why stop at the Fed? Reduce executive salaries for all banks. For executives at all corporations.

Trickle down compensation, already.

as they say, charity starts at home!