The man is most likely an incompetent bureaucrat, rewarded by a unionized education system that values seniority and paper degrees.
Life lesson: If it sounds too easy for the money he's making, it's probably not.
http://en.wikipedia.org/wiki/Billion
edit: add link & proper version titles.
It would be a fabulous retort if you were this fellow and you actually did happen to know. "Short or long" would be almost as good a come-back as "African or European" when asked about unladen swallows.