Who is worth What?

A great investigative report by LA Times.

The President of the U.S.A. makes $400 K per year. It is reasonable to assume that he shoulders greater responsibility than any other leader in the country. Most of the Fortune 1000 CEOs make much more than the President. If one extrapolates the LA Times report, there may be plenty of city managers who make more than the President.

Smart folks like Mr. Herbert of the NYT are alarmed to see the country falling behind in education. What is the point of getting an "education" when the system of incentives and rewards makes a mockery of education?

Is a city manager worth $800,000? - latimes.com: "Bell, one of the poorest cities in Los Angeles County, pays its top officials some of the highest salaries in the nation, including nearly $800,000 annually for its city manager, according to documents reviewed by The Times.

In addition to the $787,637 salary of Chief Administrative Officer Robert Rizzo, Bell pays Police Chief Randy Adams $457,000 a year, about 50% more than Los Angeles Police Chief Charlie Beck or Los Angeles County Sheriff Lee Baca and more than double New York City's police commissioner. Assistant City Manager Angela Spaccia makes $376,288 annually, more than most city managers."