Magazine

What's a Central Banker Worth?


Ben Bernanke, who oversees a fifth of the global economy, makes way less than most of his peers

Regardless of how you think he's handled the U.S. recession, Federal Reserve Chairman Ben Bernanke is underpaid compared with his peers. Bernanke, who oversees a fifth of the global economy, is paid less than half what his counterparts in Europe, Japan, Canada, and Ireland get. Even the head of Malta's central bank is paid more.

Philipp M. Hildebrand, Switzerland

Salary in $U.S.: 860,455

Nation's share of global GDP: 0.45%

Norman Chan, Hong Kong

Salary in $U.S.: 774,179

Nation's share of global GDP: 0.43%

Jean-Claude Trichet, European Central Bank

Salary in $U.S.: 482,7512

Nation's share of global GDP: 0.56%

Patrick Honohan, Ireland

Salary in $U.S.: 359,608

Nation's share of global GDP: 0.25%

Mervyn A. King, Britain

Salary in $U.S.: 473,871

Nation's share of global GDP: 3.07%

Masaaki Shirakawa, Japan

Salary in $U.S.: 472,195

Nation's share of global GDP: 5.96%

Mark J. Carney, Canada

Salary in $U.S.: 441,945

Nation's share of global GDP: 1.84%

Michael C. Bonello, Malta

Salary in $U.S.: 214,192

Nation's share of global GDP: 0.01%

Ben Bernanke, U.S.

Salary in $U.S.: 196,700

Nation's share of global GDP: 20.42%

Henrique de Campos Meirelles, Brazil

Salary in $U.S.: 83,185

Nation's share of global GDP: 2.88%

* Salaries are for 2009 except Ireland and Switzerland, which are 2010

Data: Bloomberg, Central Banks and Websites, IMF, The Times of Malta

Kolet is a reporter for Bloomberg News.

We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus