yup. 

So, by extension, the pay should be... negative?

For a position with that much impact on the world, the pay isn't unreasonable. The problem is that the impact is negative.

Undisciplined

European Central Bank president Christine Lagarde’s full pay is more than 50 per cent higher than her disclosed salary, according to a Financial Times analysis.

The head of Europe’s monetary authority earned a total of about €726,000 in 2024, according to the FT’s calculations, some 56 per cent higher than the “basic” salary of €466,000 disclosed by the ECB in its annual report

Lagarde’s basic salary alone makes her the best paid official in the EU. European Commission president Ursula von der Leyen’s annual basic pay is 21 per cent lower. On top of her basic salary, Lagarde receives an estimated €135,000 in fringe benefits for housing and other matters, according to the FT’s analysis.

This means Lagarde earns nearly four times more than the chair of the US Federal Reserve, Jay Powell, whose salary is set by federal US law and is currently capped at $203,000 (€172,720).

 if you're overseeing a money-printing central bank with 

 €85 bn a year (3.5% on bond portfolio of 4.5trn, minus ~2.5% paid in interest to depositor commercial banks on their 3trn)

 you deserve some dough. Especially for your hard work being out in e.g., the 

"From 2030, she can expect an annual pension of about €178,000 from the ECB, the FT analysis found."

Gotta live well in her old age (she's currently 70)

https://archive.md/lA51J

econ

Oh boy. 


![](https://m.stacker.news/124282)



> European Central Bank president Christine Lagarde’s full pay is more than 50 per cent higher than her disclosed salary, according to a Financial Times analysis. 


![](https://m.stacker.news/124281)

> The head of Europe’s monetary authority earned a total of about €726,000 in 2024, according to the FT’s calculations, some 56 per cent higher than the “basic” salary of €466,000 disclosed by the ECB in its annual report
> Lagarde’s basic salary alone makes her the best paid official in the EU. European Commission president Ursula von der Leyen’s annual basic pay is 21 per cent lower. On top of her basic salary, Lagarde receives an estimated €135,000 in fringe benefits for housing and other matters, according to the FT’s analysis.
> This means Lagarde earns nearly four times more than the chair of the US Federal Reserve, Jay Powell, whose salary is set by federal US law and is currently capped at $203,000 (€172,720).


I _guess_ if you're overseeing a money-printing central bank with [a balance sheet of some 6 trillion euros](https://www.ecb.europa.eu/pub/pdf/other/ecb.eurosystembalancesheet2024~28f64426e5.en.pdf), earning **seigniorage of _at least_ €85 bn a year (3.5% on bond portfolio of 4.5trn, minus ~2.5% paid in interest to depositor commercial banks on their 3trn)**, I _suppose_ you deserve some dough. Especially for your hard work being out in e.g., the _FT_ clamoring for Europe's moment! (https://stacker.news/items/1020250/r/denlillaapan)




"From 2030, she can expect an annual pension of about €178,000 from the ECB, the FT analysis found."
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Gotta live well in her old age (she's currently 70)


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archive: https://archive.md/lA51J

"From 2030, she can expect an annual pension of about €178,000 from the ECB, the FT analysis found.""From 2030, she can expect an annual pension of about €178,000 from the ECB, the FT analysis found."