3 ms·
Bragging about having a $1 salary is basically telling your employees that you make so much more in other benefits that you can choose to forego the one thing (
by craftyguy 9y ago
Bragging about having a $1 salary is basically telling your employees that you make so much more in other benefits that you can choose to forego the one thing (salary) that makes up the vast majority of their total comp.
- throwawayfinal 9y agoIn Steve Jobs' case, it was meant to instill confidence that he was in it for the long term - at the time, Apple was on death's doorstep. He also had enough cash in the bank prior to re-joining that he didn't really need the money.