Mexican president-elect slashes his own salary

[Judi Lynn]

Source: Associated Press


Updated 7:14 pm CDT, Sunday, July 15, 2018

MEXICO CITY (AP) — Mexican President-elect Andres Manuel Lopez Obrador said Sunday he plans to earn less than half of what his predecessor makes when he takes office in December as part of an austerity push in government.

"What we want is for the budget to reach everybody," he told reporters in front of his campaign headquarters.

Glancing at a piece of paper with numbers on it, Lopez Obrador said he will take home 108,000 pesos a month, which is $5,707 at current exchange rates, and that no public official will be able to earn more than the president during his six-year term. The transition team calculates that current Mexican President Enrique Pena Nieto makes 270,000 pesos a month.

. . .

Public officials will have to disclose their assets, he said, and corruption will be considered a serious offense.


Read more: https://www.chron.com/news/world/article/Mexican-president-elect-slashes-his-own-salary-13077178.php

[sandensea]

1. Makes sense, considering that it would still be 70 times the minimum wage.

Here in the U.S. by comparison, the president's salary is 27 times the minimum wage.

Would that our CEOcracy would abide by a limit of, say, 70 times the minimum wage. That's over a million annually, and surely they can live on that.