Overseeing the accounting profession will undoubtedly prove to be tough work. But is it worth $44.9 million per year? The new Public Company Accounting Oversight Board apparently thinks so. That lottery jackpot figure is what it came up with for its 2003 personnel budget.
Let’s see. The staff at the board is expected to eventually top 270 by the end of this year, which adds up to a whopping $224,500 annual salary per employee.
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