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Political super models

January 7, 2011

Two articles caught my eye and reminded me of an infamous quote by a supermodel during an interview. She had the misfortune of being way too honest saying

“We don’t wake up for less than $10,000 a day

Colin Cowherd – who my husband likes to listen to while getting ready in the morning (thank goodness I’m in the other part of the house by then) has a similar view. Let people get paid what they earn that the market can bear.  And it’s always difficult to figure out “how much is enough” when with each pay grade upward you get more windows into seeing how the next echelon of income really lives.

….from The New Atlantic

Holly Peterson and I spoke several times about how the super-affluence of recent years has changed the meaning of wealth….she described a conversation with a couple at a Manhattan dinner party: “They started saying, ‘If you’re going to buy all this stuff, life starts getting really expensive. ….The clincher, Peterson says, came from the wife: “She turns to me and she goes, ‘You know, the thing about 20’”—by this, she meant $20 million a year—“‘is 20 is only 10 after taxes.’ And everyone at the table is nodding.”

Note – that is who Obama regularly rubs elbows with – both prior to the White House, and while in the White House. For all his complaining about the rich and the wealthy and those making exorbitant salaries when others lack employment – he doesn’t see much of what’s “normal” anymore. What was $20 is “just” $10m after taxes…so – what is $172,000 in salary?  well….

his press secretary “had a six-year stretch now where basically he’s been going 24/7 with relatively modest pay.” As a senior White House aide, Gibbs modestly earned $172,200 last year. That income alone — leaving out any earnings by his wife — would put Gibbs in the upper 8 percent of all American families

In this one area, this administration is more “millenial” than “boomer” or “21st Century Woodrow Wilson”.

From a Small Business Journal

Recently, the hiring manager for a publisher of a commercial real estate magazine was interviewing a candidate …The candidate, a recent college grad with little relevant professional experience, informed the manager that she thought a starting salary of around $85,000—$50,000 above the budgeted price—would do nicely....The stereotypical Gen Y employees “seem to feel entitled to a raise and promotion in a week, that corner office in six,” says Dr. Carolyn Martin, co-author of Managing the Generation Mix (HRD Press, 2002)

Ah, perhaps the question is not really that of generational similarities, but good old human nature kicking in that ‘envy’ gene. But this certainly DOES sound familiar no?

too often power players in Washington believe that if they see the president every day, appear on television and have a permanent seat on Air Force One, they are entitled to get rich as soon as they leave government.

Btw, care to guess who parented the millenials?

2 Comments leave one →
  1. January 8, 2011 11:13 am

    Pretty hard to figure how he can talk one way about $250K and up families being “the rich” then be so cavalier about the $172K salary of one man.

    Unless he doesn’t really mean a bleep bleep thing he says.

  2. January 7, 2011 5:07 pm

    Generally, and prominent civil service employee is worth a lot more when they leave, mostly because of the contacts they still have inside. I’m sure Mr. Gibbs will have some fine salary for a while until he decides to come back.

    But I do wonder how a salary that high could ever be described as modest.

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