Unhappiness with executive compensation is not restricted to the private sector. A congressional committee has cut $ 15 million out of the Smithsonian's 2007 budget because of unhappiness with the management. This has happened due to two factors: the level of compensation - the committee believes no one should earn more than the US president (US $ 400'000 per year), and the Smithsonian has 6 people who earn more than the president, 22 who earn more than the Vice-president ($ 212'000) and 28 who earn more than a Cabinet secretary. The Smithsonian Secretary, Mr. Lawrence Small, had a base salary of $ 574'000 in 2005. What with bonus and housing allowance, that should put him upwards of $ 810'000. The Committee also objected to a deal with Showtime Network that would limit access to the institution by competitor film crews. More in the Washington Post.
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