Another quality economic adviser

Charles E. Phillips, a prominent Silicon Valley executive with ties to the Obama administration, has acknowledged an extramarital affair after a series of giant billboards showed him snuggling his former mistress. . .

The co-president of software-maker Oracle Corp. and a member of President Obama's Economic Recovery Advisory Board was forced to admit the extramarital affair after his former lover exposed their fling in a very public way, plastering romantic pictures of the two of them on giant billboards in three major cities: New York, Atlanta and San Francisco. . .

Phillips joined Redwood Shores-based Oracle in 2003. Last year, he made more than $19.3 million from Oracle, one of the world's largest software companies with a market capitalization of more than $120 billion, according to an SEC filing.

http://themoneytimes.com/featured/20100123/oracle-exec-admits-affair-after-mistress-exposes-him-billboards-id-1098019.html

Ignore the hypocrisy of the affair, and don't ask why all these Obama economic advisers are cheating on their wives.

Ask why Obama's economic adviser made $19.3 million last year. I thought the Obama team opposed excessive executive compensation.