Why was Mulroney so broke? The excuse for him taking the $300,000 (could have been up to $500,000) was that he was in a desparate financial situation upon leaving the PMO. But here is a guy who a significant six-figure salary for 9-10 years, who had his house and meals paid for while he was Prime Minister (even while he was Opposition Leader for crying out loud), so he would have made somewhere in the range of a million-and-a-half dollars over the decade in power without any significant expenses. How did he lose all that money?

Comments (5)
Three words. Mila, Holt and Renfrew.
Posted by Greg | November 30, 2007 9:34 AM
Posted on November 30, 2007 09:34
I think greg hits the nail on the head this time.
Mila was in the big show and had to look the part.
Cavorting on the world stage is expensive business and six figures doesnt go very far in that world.
Posted by colin | November 30, 2007 10:50 AM
Posted on November 30, 2007 10:50
Yah, I think the theory is that Queen Mila was quite demanding.
Posted by Dan | November 30, 2007 11:21 AM
Posted on November 30, 2007 11:21
In the autobiography, he hints at having continued to live the lifestyle of a corporate lawyer / company president despite only making the income of a PM.
Not only is there an actual line about that in there, but it goes to his defenses for other so-called scandals. Buying closets full of Gucci shoes and trying to take No. 24’s furniture in the great move out? “It was mine! I paid for it with my money!” It only makes sense - he’s telling the truth in the book, and as we now know, he did take money.
Posted by Jarrett | December 3, 2007 12:46 AM
Posted on December 3, 2007 00:46
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Posted by jzaganawraj | December 30, 2007 11:28 PM
Posted on December 30, 2007 23:28