Tuesday, December 9, 2008, AM | Leave Comment
President-elect Barak Obama, as we all know, is vacating his senate seat from Illinois. The governor is supposed to appoint someone for that seat.
Along the way, something happened that did not sit very well with federal authorities. There may be more news coming in the coming days and weeks.
International Herald Tribune on December 9, 2008 ran a story By Monica Davey about “Governor Rod R. Blagojevich of Illinois was arrested by federal authorities on Tuesday morning and charged with corruption, including an allegation that he conspired to profit from his authority to appoint President-elect Barack Obama’s successor in the United States Senate, prosecutors said.”
“I want to make money,” he said, according to prosecutors. He then added, they allege, that he wanted to make $250,000 to $300,000 a year.
Sooner or later people get caught doing something like that. People in public offices must be a lot more careful than ordinary people like us. I know public office holders get paid less than folks in private sector, but when you run for a public office, you must know what you are getting into financially, else you should just quit.
Over the years, I have heard that many public officials have resigned their current offices to seek employment in private sector and that is just for financial gains. They can get more money working in private sector.
Being governor may sound like a high annual salary position, but governor salaries don’t always pay as much as one might think. A recent report of governor salaries cited the average governor salary to be $124,398.
The annual salary for California Governor Arnold Schwarzenegger is the highest in the governor salary ranking, $206,500, but he does not accept his salary, being what he has been in his previous life.
The maximum is not that much. But mostly, these governors are already millionaires.
Senator Hillary Clinton will vacate here senate seat once she is confirmed by the senate to be the next Secretary of State. The governor of New York has to make a decision whom to appoint.
Senator Joe Biden, Vice-President-elect, will be vacating his senate seat from the state of Delaware.
Governor of Illinois apparently is not a rich guy. Perhaps a few others are not either????Facebook.com/doable.finance