Lots are floored by low pay
When California Business Consultant Phillip Sanchez, former director of the Office of Economic Opportunity, was sounded out about becoming Ronald Reagan's Secretary of Housing and Urban Development, he refused. Said Sanchez: "It would be financially impossible for me to go back into Government at this time." The job was offered next to New York Lawyer Samuel R. Pierce Jr., who was also hesitant and for the same reason: he would have to take a substantial pay cut, from his six-figure salary to the $69,630 that Cabinet members earn....
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