Because he’s worth it. (Reuters/Bobby Yip)
Chinese president Xi Jinping’s recently announced pay raise, to a paltry $22,300 a year, sparked plenty of skepticism that the leader of the world’s largest economy (maybe) was actually earning such a small sum. And Xi’s salary is especially jarring when you consider that the leaders of the special administrative regions China oversees are some of the world’s most well-paid politicians.
Hong Kong’s chief executive CY Leung—who oversees a population of about 7 million people, smaller than nearly all of China’s “Tier 1″ cities—is the world’s second-highest paid head of state. Leung, who is deeply unpopular among Hong Kong’s pro-democracy activists, recently lifted a lawmaker pay freeze instituted in 2009.
Macau’s chief executive Fernando Chui, who oversees a population of just 566,000 and ran uncontested in 2009, also earns more than most leaders of the world’s biggest economies. His attempts to give more perks to political…
View original post 1,045 more words