Friday’s newsletter comparing Presidential value-for-money evoked considerable reaction. Using data of the world’s best paid leaders’ published by global TV news network CNN, we compared Presidential wages with the size of the economies they run.
The now widely distributed table showed South Africa’s Jacob Zuma was hugely overpaid.
Zuma’s supporters railed, saying the comparison was unfair, that the size of the economy is not the right measure. I disagree, but in the interests of fairness, drew a comparison with a different set of data – average earnings of the citizens in the countries which each President rules, what economists call GDP per capita.
The result: Once again, the ANC leader is a massive outlier, receiving 34.5 times what the average South African is paid.
The only leader who comes close is India’s Narendras Modi who is paid almost 20 times his impoverished nation’s average.