Yes maybe true if he was a banker earning money for shareholders, but he has only been a public service economist not a banker. If you want to keep talent you give the young buck who are poached out the RBA a rise. When Stevens retires he will get a few board spots. Remember Bernanke is only paid 250g a year what makes Glen Stevens so special. I really don't see why he should earn more than the PM, or more than double any other public servant. If pay is a problem for him move on there are other equally capable candidates at the RBA who could adequately take his spot. The indefensable thing for him is his call for wage restraint it is hypocritical at the least.
