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Practically speaking though, I doubt that another 200 or 300k in base salary would make a dent in these guys' tax liabilities. You also have to concede that it
by dschobel 17y ago
Practically speaking though, I doubt that another 200 or 300k in base salary would make a dent in these guys' tax liabilities.
You also have to concede that it is conceptually appealing that their compensation is directly tied to the performance of the company.
- jacquesm 17y agoTheir 'base salary' could be in the millions, and then it definitely does start to make a difference. I really think that given the amount of publicity around these 'symbolic' salaries that it is really a marketing ploy. "performance" of the company is in the hands of many people, not just the CEO, that's just symbolism. And it also is a risk to portray it as such because that would mean that if the CEO should have an accident or become incapacitated that it would be curtains for the company. edit: in 2006, before the $1 symbolic payment Steve Jobs for instance took home a whopping 647 million $US.
- dschobel 17y agoThe $647m figure was stock grants and he did indeed make $1 in base in 2006. http://www.forbes.com/2007/05/03/ceo-executive-compensation-lead-07ceo-cx_sd_0503ceocompensationintro_print.html http://www.forbes.com/2007/05/03/ceo-executive-compensation-... Again, outside the finance world, 7 figure base salaries are quite rare.
- jacquesm 17y agoAh ok, the source I had was not splitting it out at all, just mentioned that he had that much compensation. Thanks!