Friday, March 2, 2012

Gambling Panel Payout Stinks

If no one wants the job....

"Deadline near, state gaming panel seats unfilled; Pay level may be narrowing candidate field" by Mark Arsenault  |  Globe Staff, February 27, 2012

A number of potential candidates have bowed out of contention for a position on the state’s new gambling commission, leaving four of the five spots still open less than a month before the deadline for making the appointments.

Some candidates for a seat on the powerful Massachusetts Gaming Commission have been put off by what they see as relatively low pay - $112,500 a year - for a high-profile job that is expected to receive intense public scrutiny. Members will pick the winning proposals for up to three gambling resorts and one slot parlor and write the regulations governing them.  

As a person making about a tenth of that in part-time paid slavery I'm offended. When I realize my taxes are going to pay those salaries I become angry. 

“The compensation has been a deterrent for some people,’’ acknowledged state Treasurer Steven Grossman, who, under the new casino law, must appoint one commission member with experience in corporate finance and securities, often a lucrative profession. “A number of people took themselves out of consideration for the job that I’m responsible for filling because of the salary.’’

The post’s $112,500 salary is a healthy one for public servants, but less than what many experienced professionals can earn at the top of their fields....

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Also see: Boston Globe Poker Face