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Ottawa's top salaries from policy makers

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mynameisearl11

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Quite a few of Harper's buddies making more money than he does as a PM.

The annual salary of two policy advisers is twice that of their boss, Jim Flaherty

LAWRENCE RITCHIE
Executive vice-president, Canadian Securities Transition Office (CSTO)
$537,469
DOUGLAS HYNDMAN
Chairman and chief executive, CSTO
$534,043
STEPHEN POLOZ
Bank of Canada governor
$431,800- $507,900
JIM FLAHERTY
Finance Minister
$236,900

Sources: McLeans Magazine
 
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james t kirk

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Aug 17, 2001
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I don't have a problem with any of those salaries.

If anything, Flaherty is hugely underpaid. Guy could make millions on Bay Street.
 
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johnhenrygalt

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Flaherty is not underpaid. Pay is not determined by how much one could make in an alternative career. He'd be underpaid if there were a shortage of qualified applicants for Minister of Finance. However, in the real world, even at the relatively low pay, there is no shortage of applicants for cabinet positions. People will even go to the trouble of raising funds, spending their own funds, and going door to door to meet with potential voters, all in an effort to secure not even a ministers job, but just a MP's job. Even if you cut cabinet ministers' salaries by 30% I don't think you'd have a shortage of qualified people vying for the job.
 
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nobody123

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james t kirk

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johnhenrygalt said:
Flaherty is not underpaid. Pay is not determined by how much one could make in an alternative career. He'd be underpaid if there were a shortage of qualified applicants for Minister of Finance. However, in the real world, even at the relatively low pay, there is no shortage of applicants for cabinet positions. People will even go to the trouble of raising funds, spending their own funds, and going door to door to meet with potential voters, all in an effort to secure not even a ministers job, but just a MP's job. Even if you cut cabinet ministers' salaries by 30% I don't think you'd have a shortage of qualified people vying for the job.
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No.

Remuneration is commensurate with the level of skill, experience, and responsibility associated with the position, not how many people are vying for the position.

I'm sure that there are tens of thousands of people who think that "doctorin and lawyerin" jobs would be a good gig.

Doesn't mean I want them performing surgery on me, or representing me in court.

Given Flaherty's level of responsibility, he is grossly underpaid. Bill Blair, Toronto Chief of Police makes almost 400 grand a year and he's not even in control of his people.
 
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james t kirk

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curiousandlooking said:
oh ya... what about there nice retirement packages. MP's only have to do 6 years to get a pension - where else do you get that?
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Nowhere I'd say. But who cares. It's part of the deal now isn't it.

Besides, if Flaherty were working on Bay Street, he'd be making a couple of million a year easily. His pension might be 60 percent of his salary. Besides, he's been working in Gov't probably for 20 years.
 
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nobody123

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james t kirk said:
No.

Remuneration is commensurate with the level of skill, experience, and responsibility associated with the position, not how many people are vying for the position.
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More like "No remuneration is commensurate with the level of skill, experience, and responsibility associated with the position." On the bottom, it is based on how desperate you are and how little they can get away with paying you, and on the top it is based on how much you and your peers expect, and NOTHING even close to your performance, skills, experience, etc. Most everything in between is covered by the Peter Principle.
 
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ultistar

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Politicians don't make money while in office. They make their millions after they leave sitting on boards, consulting, speaking engagements, exec chairman, etc.
They make all their connections in office, and get the payback after. What they make now is inconsequential; just down payment.
 
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james t kirk

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ultistar said:
Politicians don't make money while in office. They make their millions after they leave sitting on boards, consulting, speaking engagements, exec chairman, etc.
They make all their connections in office, and get the payback after. What they make now is inconsequential; just down payment.
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True in some instances, but not all.

Some politicians leave office and they are too old to do what you've described. Their best years are behind them.

Not all politicians are idiots. (Grant you, the majority are, but not all.)
 
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johnhenrygalt

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If Flaherty thinks he's undercompensated, he can tender his resignation this afternoon; it's a free country. If you think he's underpaid, feel free to make a large cash donation to him (after he leaves office lest you run afoul of conflict of interest and influence peddling regulations).

As for lawyers' income, it's set by the market. No one is forced to hire lawyers, so lawyers charge what the market can bear. And thousands do think that lawyering is a good gig, which is why median income for new law graduates is quite low.

Remuneration is commensurate with the level of skill, experience, and responsibility associated with the position, not how many people are vying for the position.
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In business, remuneration is commensurate with performance, irrespective of skill, experience and responsibility. In real estate, if you sell $1B worth of property in your first year, you'll outearn the guy with 25 years experience who only sold $5M. If law if you bring in $1M worth of billings in your first year, you'll be outearning most guys with 25 years experience. If you're a new plumber running your own shop and you're able to generate a $2M profit, you'll outearn most doctors.
 
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