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Ex EU President Van Rompuy "Hit The Jackpot", Paid Almost $1Million "For Doing Nothing"

Tyler Durden's picture




 

It's good to be king (or Europe). Former European Council President Herman van Rompuy, derided for "damp rag" ineptness by UKIP's Nigel Farage, will receive around $900,000 over the next 3 years as a "transition allowance" for doing absolutely nothing in retirement. What is even more egregious, as The Telegraph reports, Van Rompuy will pay a reduced "EU Community" tax rate, considerably lower than the Belgian income tax rate on his ill-gotten gains. As Farage exclaims, having driven millions of Europeans into poverty and unemployment during his reign, Van Rompuy "hit the jackpot."

 

As Sputnink News reports,

Former European Council president Herman Van Rompuy will be paid nearly $1 million for the next three years for doing nothing, the Telegraph reported.

 

Van Rompuy, who stepped down as the European Council president Monday, will be paid a “transitional allowance” worth $210,290 a year until December 2017. In addition, the retiree will be entitled to a lifetime EU pension of $81,700 a year and a one-off payment of $33,000, making his total earnings more than $900,000 over the next three years, the Daily Mail said.

 

As a retiree, Van Rompuy will not have to do any job for his “transitional allowance”, which is also eligible for a reduced EU “community” tax rate, rather than the Belgian income tax rate, according to the Daily Mail.

 

...

 

During his time in office, Van Rompuy was no stranger to controversy and public criticism. According to Nigel Farage, the leader of UKIP, during Van Rompuy’s term millions of Europeans were driven into poverty and unemployment by the Eurozone crisis, while Van Rompuy himself “hit the jackpot”, the Telegraph said.

*  *  *

And as a gentle reminder of Van Rompuy's utter uselessness... we leave it to Nigel Farage...

 

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Tue, 12/02/2014 - 15:45 | 5509801 CL Spec
CL Spec's picture

I wonder how much he gets paid for having his "likeness" used in LOTR movies.

Tue, 12/02/2014 - 15:52 | 5509843 jaap
jaap's picture

Where is the Limerick..... correction... Haiku King when you need him.

Tue, 12/02/2014 - 15:57 | 5509864 Latina Lover
Latina Lover's picture

Thank God he is doing nothing. Imagine the damage he could cause if he was still working.

Tue, 12/02/2014 - 16:03 | 5509894 wallstreetapost...
wallstreetaposteriori's picture

Thats what I tell my company, but they dont buy it.. 

Tue, 12/02/2014 - 16:19 | 5509970 Amish Hacker
Amish Hacker's picture

My guys once said, jokingly, that they were going to stage a work slowdown. I told them no one would notice.

Tue, 12/02/2014 - 16:05 | 5509904 jaap
jaap's picture

Million the Hit
Jackpot, Ex EU in
with no Doing to EU.

 

Tue, 12/02/2014 - 19:51 | 5510761 Anasteus
Anasteus's picture

Van Rompuy hit the jackpot, Nigel hit the crackpot.

Tue, 12/02/2014 - 16:02 | 5509900 kchrisc
kchrisc's picture

"Eu loaned ukraine 180 mm $ http://hedgeaccordingly.com/2014/12/ukraines-state-owned-pipeline-operat..."

Correction: Zionist western banksters "printed" "180mm $" and then gave it to the Ukrainian governmnet to incentivize them to steal more from the Ukrainian people, and funnel the lucre to the Zionist western banksters.

An American, not US subject.

 

I should, I may, write the book, "The Zionist Banksters for Dummies: How to See and Interpret Their Schemes and Thefts." But then Griffin has pretty much done that in "The Creature From Jekyll Island."

Tue, 12/02/2014 - 17:10 | 5510196 JRobby
JRobby's picture

GUILLOTINE ALL OF THESE ELITIST SCUMBAGS

Tue, 12/02/2014 - 15:47 | 5509809 101 years and c...
101 years and counting's picture

seriously, who the fuck is Van Rompuy?  i assume a former Goldmanite???

Tue, 12/02/2014 - 16:00 | 5509880 Ghordius
Ghordius's picture

a former Prime Minister of Belgium. it has become a "tradition" to give the post of Gollum, pardon me, "president" (actually secretary) to the all-powerful (ok, the EU Parliament has to approve regulation) EU eye-of-Sauron-logo Council (composed by the Prime Ministers of the EU member countries) to... one of the former PMs

Gollum is now out, his seat belongs now to the former Polish PM Donald Tusk

a Prime Minister is something like a mixture of US State Governor, US President and Senator. he heads the administration based on the support of a majority in the national Parliament, that can throw him out anytime

Tue, 12/02/2014 - 16:16 | 5509960 Amish Hacker
Amish Hacker's picture

Is that the same Belgium that is now nominally the third largest holder of US Treasuries, but really just an opaque clearing house for One Who Must Not Be Named? I think it would be ungrateful to offer Van Rompuy anything less for his years of service.

Tue, 12/02/2014 - 16:38 | 5510059 smacker
smacker's picture

"...his seat belongs now to the former Polish PM Donald Tusk"

Oooh, you mean the pole dancer (!)

Tue, 12/02/2014 - 16:53 | 5510127 Ghordius
Ghordius's picture

who is very much aware that half a million Poles are currently working and living in the UK. and the same guy of the released tapes in restaurants with the Polish Foreign Minister Sikorsky discussing that being nice1 to the US was not working as expected. the tapes? presumably released by the Russian intelligence services

Tue, 12/02/2014 - 15:45 | 5509810 smacker
smacker's picture

Rompuy is possibly the highest paid garden gnome in history.

Tue, 12/02/2014 - 17:08 | 5510181 SlippedChain
SlippedChain's picture

Fucking disservice to garden gnomes everywhere.

Tue, 12/02/2014 - 20:35 | 5510853 smacker
smacker's picture

My sincerest apologies ;-)

Tue, 12/02/2014 - 15:47 | 5509823 DutchR
DutchR's picture

But it only digital money, right?

Tue, 12/02/2014 - 15:49 | 5509824 adonisdemilo
adonisdemilo's picture

If that bastard is worth that sort of money we've got a village idiot just down the road who's probably worth 10 million.

Tue, 12/02/2014 - 16:07 | 5509916 kchrisc
kchrisc's picture

Only a true few have no soul, and can be relied upon to so adroitly cover for theft and treason. They must be compensated accordingly, otherwise they might start their own rackets.

An American, not US subject.

Tue, 12/02/2014 - 15:48 | 5509826 ivana
ivana's picture

fuckin criminal Golum

Tue, 12/02/2014 - 15:49 | 5509827 LawsofPhysics
LawsofPhysics's picture

So, same as it ever was then?

still no guillotines?

Tue, 12/02/2014 - 17:47 | 5510348 GoldenGeezer
GoldenGeezer's picture

This guy builds some nice ones. He has a backorder of about 50 units right now. Unfortunatly, the ones on backorder are all 1\6th scale.

http://boisdejustice.com/Home/Main.html

 

 

 

Tue, 12/02/2014 - 15:49 | 5509828 ebworthen
ebworthen's picture

You do need to pay your confidence men something for their work and to keep quiet; after all, wasn't Rompuy instrumental in oppressing the people of Greece and stealing Russian oligarch and citizen deposits in Cyprus?

Tue, 12/02/2014 - 16:19 | 5509966 Ghordius
Ghordius's picture

he eats children, too. but you are probably referring to the new head of the EU Commission, Jean-Claude Juncker, when he headed the EU Finance Minister's Council, aka "EuroGroup". though... all based on Greek and Cypriot laws, I fear. by their elected Parliaments. it took more then one to dance that tango

Tue, 12/02/2014 - 15:49 | 5509829 Yen Cross
Yen Cross's picture

     That would have made an awesome Depends commercial... Van Rompuy looked like he sharted himself.

Tue, 12/02/2014 - 15:48 | 5509832 no more banksters
no more banksters's picture

"In essence, what we observe already in Europe, is a gap between its citizens and the European bureaucratic power, that continuously grows. There is an obvious distance between the parliamentary authority and bureaucratic elite which is involved with the big banking and corporative interests imposed by lobbyists in Brussels' corridors. The best proof for this, are the categorical conclusions by the European parliament against Troika's policies."

http://failedevolution.blogspot.gr/2014/05/what-european-neoliberal-econ...

Tue, 12/02/2014 - 15:50 | 5509836 aleph0
aleph0's picture

The Failed Poet is the least of the EU's problems.

30,000 Lobbyiosts and 50,000 bureaucrats ... paid a fortune every month, with VERY low tax rates and tons of benefits.

 

 

Tue, 12/02/2014 - 15:57 | 5509869 angel_of_joy
angel_of_joy's picture

EU is out of money. It's their tragedy...

Tue, 12/02/2014 - 16:07 | 5509885 Ghordius
Ghordius's picture

perhaps it should print more of that stuff? just joking

from memory, it's 30'000 bureaucrats and 50'000 lobbyists. for a population's economic zone of 500 million. 425 million, if the UK leaves

as a comparison, again from memory: the US has 330 million people and the US Secret Service (branch of US Treasury) has 22'000 employees

as for the lobbyists... how many are too many? difficult discussion, I'd prefer zero, but then, I noticed, pols are even more naive then you'd think possible

Tue, 12/02/2014 - 16:21 | 5509975 angel_of_joy
angel_of_joy's picture

More people, smaller GDP per capita, more generous welfare expenses => less money.

On the people side, smaller revenue (income), higher taxes => less purchasing power.

US is no rose garden for sure, but it's still better than EU... and it will be the last one to fail (after the Japanese, and after the EU)

P.S. The EU bureacrats just add up to the national bureaucrats as an expense, since the entire EU bureaucratic system does not replace the national one in any given EU country

Tue, 12/02/2014 - 16:56 | 5510134 Ghordius
Ghordius's picture

re P.S. actually no. the EU has a limited scope, and what is done in Brussels is not done anymore in the member country. like regulating products and services, the main scope of the EU

the same principle that led to a decrease of national border guards. I'm sorry, but it is complicated. or just without comparison

Tue, 12/02/2014 - 17:42 | 5510294 angel_of_joy
angel_of_joy's picture

P.S. actually yes.

Let's see:

European Parliament ? Check !

European Government (aka European Comission) ? Check !

European Court of Justice (not to be confused with European Court of Human Rights) ? Check !

European Council (acts as some sort of colective presidency) ? Check !

Council of EU (acts as some sort of council of ministers) ? Check

ECB ? Check ! (last time I checked, the Bundesbank was still there too...)

EuroPol ? Check !

I could go on for quite a while, but I'm sure you got the idea by now...

As for the limited scope, please... One, if not THE main source of conflict right now inside the EU is the overlapping authority of so many EU and national institutions. Somehow, the nation states are not quite ready to give up their souvereignty to a bunch of unaccountable, arrogant bureaucrats... That might be the idea... but it won't fly.

Wed, 12/03/2014 - 03:44 | 5511674 Ghordius
Ghordius's picture

so? you are jumbling together many things that are separate, and based on separate treaties, but our federalists like to see as one construct

the ECB, for example, is a completely different club. further, you have to understand what the EU Council is, and that it still steers everything, including the Commission

Tue, 12/02/2014 - 15:50 | 5509837 Bill of Rights
Bill of Rights's picture
Farage...is the man.
Tue, 12/02/2014 - 16:00 | 5509874 Bioscale
Bioscale's picture

4 years ago he almost died in an airplane accident......

http://www.dailymail.co.uk/news/article-2519753/Pilot-threatened-kill-UK...

Tue, 12/02/2014 - 15:50 | 5509841 saints51
saints51's picture

US politician would not have the balls to say those exact things about its masters.

Tue, 12/02/2014 - 15:50 | 5509845 Alberich
Alberich's picture

$900,000 is money well spent if Europe can be assured he will do nothing for at least three years. But I'm afraid he won't hold up his end of the bargain.

Tue, 12/02/2014 - 15:51 | 5509847 Bell's 2 hearted
Bell's 2 hearted's picture

that all he got?

 

Pay better in the US ... didn't Cantor get a few million over a shorter timespan?

Tue, 12/02/2014 - 16:31 | 5509848 JRobby
JRobby's picture

He works for the State of NJ????

(no-show political apointee)

Tue, 12/02/2014 - 15:56 | 5509862 kchrisc
kchrisc's picture

Government is a criminal syndicate of theft and violence. Unlike the mafia, where the lucre of crime flows up, in governmnet, it flows down--it is already stolen. It is dependent on the pols, crats, and funcs of a governmnet to create and operate their own rackets, so as to be able to grab as much of the lucre for themselves, and friends and cronies, as possible.

However, like the mob, they must also generate "tribute" from fees, fines, seizures, and cagings, that then flow upwards to the "bosses" higher up.

An American, not US subject.

Tue, 12/02/2014 - 15:59 | 5509871 Frank N. Beans
Frank N. Beans's picture

it's just worthless money, Europe has no need for that.

 

 

Tue, 12/02/2014 - 15:59 | 5509875 Yen Cross
Yen Cross's picture

  If you think Van Rompuy was bad just wait until this klepto get's his hands in the cookie jar. He wields much more power than Von Rompuy did as "council president".

   When it gets serious you have to lie.

European Commission president – Jean-Claude Juncker

Term: November 2014 - October 2019

Appointed by: national leaders (heads of state or government of EU countries), with the approval of the European Parliament.

Tue, 12/02/2014 - 16:08 | 5509925 Ghordius
Ghordius's picture

I have great hopes on Jean-Claude Juncker. And Donald Tusk, too. Perhaps I'm a hopeless romantic, I know

Tue, 12/02/2014 - 16:22 | 5509986 angel_of_joy
angel_of_joy's picture

I'd like to believe that you are being sarcastic...

Tue, 12/02/2014 - 16:45 | 5510083 smacker
smacker's picture

Yeah... "Junkett and The Pole Dancer".

Sounds like a new soap opera...

Tue, 12/02/2014 - 19:02 | 5510636 falak pema
falak pema's picture

Tusk sounds ominous.

If he puts that up the Russians it'll cause hemorrhage like in 1939...I hope he remembers that movie "to be or not to be"...it happened in his native Poland ! 

Tue, 12/02/2014 - 16:02 | 5509898 Hohum
Hohum's picture

Should have paid him for doing nothing while working.  Less damage that way.

Tue, 12/02/2014 - 16:10 | 5509932 SickDollar
SickDollar's picture

The Entire planet knows that the so called CEO,CIO, President ....etc get beaucoup Cash and don't produce or do shit to justify it ,yet the sheeple idolizes them and give them too much respect  and credit WTF

 

Tue, 12/02/2014 - 16:16 | 5509962 whackedinflorida
whackedinflorida's picture

Amateur.  

$300,000 for one stickin speech = pro.

Tue, 12/02/2014 - 16:45 | 5510087 WTFUD
WTFUD's picture

' THEY who must be obeyed ' always choose their lame duck rep. to the best of their ability and they don't come better qualified that Rompuy.
Their worst nightmare would be to have Le Pen or Farage at the heart of this shadowy organisation.
Just another Goldman/Fed Annex

Tue, 12/02/2014 - 17:16 | 5510225 fibonacci's claus
fibonacci's claus's picture

van rompuy can afford steak.  maybe he will spring for steak dinner.  boy i could really use a steak.  medium rare, fresh, USA grown grade A steak.

mmmmmmmmmmmm...

dear mr. van rompuy,

please buy me a steak with your new wind fall bank account.  my country has been bailing you out for years with currency swaps, the least you could do is buy me a steak.

Tue, 12/02/2014 - 17:29 | 5510272 Berspankme
Berspankme's picture

Such a pathetic little puke Van Rumpoy is. Nigel at least has the balls to say it face to face. I'd love to see on of our congresspussies do the same to dear leader Ozero

Tue, 12/02/2014 - 17:39 | 5510317 falak pema
falak pema's picture

Not even the "wages of fear", just the wages of beer! 

Tue, 12/02/2014 - 17:44 | 5510318 ghostofgo
ghostofgo's picture

It's not that bad a law. Any job he wants to do for the next 18 months requires approval. It does ensure independece.

It's stupid to complain about revolving doors, but then to whine like smug idiots when steps to close such doors are taken.

Would you prefer the US style where they get wooed with much bigger paychecks to work on lobbying?

Seriously, ZH has to just stop acting like it knows everything. First of all, it is obviously false. Second of all, ZH is riddled with simple incosistencies such as here. Indeed, it can't even give the opposing side.

Drudgitis is setting in. Page views page views page views. Yum yum. Treat your readers like Pavlovian dogs.

For the record, I am no EU apologist as I know full well how little they do and how well they are paid.

Tue, 12/02/2014 - 18:03 | 5510425 cowdogg
cowdogg's picture

Obama could marry off one of his daughters to this monkey so that she could have a secure future.

Tue, 12/02/2014 - 18:10 | 5510456 venturen
venturen's picture

heck that is nothing compared to your average policeman or teacher here.

Tue, 12/02/2014 - 18:17 | 5510489 Not Goldman Sachs
Not Goldman Sachs's picture

For the record I do not ever remember reading any zh'er supporting the U.S. style of lobbying. I am going to whine. Golden parachute's are the continuation of corruption. 

Tue, 12/02/2014 - 19:02 | 5510635 steelhead23
steelhead23's picture

Did you notice how Nigel eviscerated that scoundrel without lifting a finger?  Perhaps if the police took lessons in dressing down minor offenders, we'd have less rioting in Ferguson.  Nigel doesn't even need a nightstick.

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