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why is it news for CEOs to take $1 salaries? Everybody knows it benefits them to take that type of salary anyways. Why hasn't any CEO try a $0.01 salary yet?
by nuggien 18y ago
why is it news for CEOs to take $1 salaries? Everybody knows it benefits them to take that type of salary anyways. Why hasn't any CEO try a $0.01 salary yet? :)
- cellis 18y ago> why is it news for CEOs to take $1 salaries? Because people are seriously sick of hearing about the Chairman of BigCorp earning $250,000,000 in salary and stock options, and taking another $100,000,000 in severance. (0s for extra effect) I don't know, its kind of refreshing to hear about Jerry Yang, Sergey Brin, Larry Page, taking $1 salaries, even tho we all know they're worth gajillions.
- aston 18y agoYou missed part of his point, which is that there are huge tax benefits in not taking a salary, and these are well-known, therefore not news.