sfgate.com — A handful of CEOs in the AP executive pay list take home a salary of $1 a year or less. But all of them manage to make millions anyway, illustrating the point that if you're running the show, your salary doesn't mean much. "Salary has become such a minuscule component of CEO compensation that it is now largely irrelevant."
Jun 9, 2007 View in Crawl 4
Closed AccountJun 10, 2007
" apparently these guys have personal bodyguards"yes, as the US becomes more and more of a third world country this is going to be a necessity - for both them along with their families / children.
optimaximalJun 10, 2007
I didn't think Steve Jobs *really* built Apple from scratch, more 'he started the company, bailed when it stopped being a money spinner, created a rival product then convinced the current incumbants to buy into his new product and give him his CEO job back'...
riceJun 10, 2007
Bailed? He was ousted.
origclubsodaJun 10, 2007
The point of the $1 salary is to be a gesture of good faith... its not a budget solution.Salesmen often have zero salary because they make money on commission.n
salinemistJun 10, 2007
This trend started under the Clinton administration with the change in Section 162(m) of the IRS code:<a class="user" href="http://www.businessweek.com/magazine/content/06_48/b4011079.htm?chan=search">http://www.businessweek.com/magazine/content/06_48/b4011079.htm?chan=search</a>You can't beat the free market. The United States has the strongest economy in the world with opportunity and success out there for anyone who wants to work for it, and if the pseudo-socialists with an armchair degree in economics would stop messing with it we'd all be better off.
kronos6948Jun 11, 2007
@Skooma...Consider this:The top pay for a meat cutter is $18.75 an hour. Compare that with the base salary of an Apprentice meat cutter, and you get the same amount. Once you pass your apprenticeship, it's usually around $21 to START as a meat cutter.
stealthcJun 11, 2007
Of course the regular worker gets s**t on. It's the IRS that s**ts on him, because he can't afford to insulate himself from the madness the way a CEO can.
acidguy02Jun 12, 2007
hahahaha XD!!!, who is gonna win a $1 salary. they got to the next level, instead of money they get plenty of growing stock shares.personally i dont care what they earn because thats gonna brings me nothing good. instead of that i am focused on getting more money extra :check out this site. easily and being a little smart i am winning some money and at least covering the higs prices of gas, here it goes for someone who can make it usefull.<a class="user" href="http://adbux.org/?r=acidguy">http://adbux.org/?r=acidguy</a>