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Yes this article is somewhat misleading in my opinion. I would imagine that a lot of CEOs only pay themselves a fraction of their income through typical payrol
by jakejake 13y ago
Yes this article is somewhat misleading in my opinion. I would imagine that a lot of CEOs only pay themselves a fraction of their income through typical payroll. Steve Jobs famously paid himself $1 salary. Although in his case he apparently didn't take other forms of compensation since apparently he didn't need the income. But many other CEOs are known to take low salaries and then get millions in bonuses or stocks.
- basseq 13y agoAlthough in his case he apparently didn't take other forms of compensation since apparently he didn't need the income. He received millions in stock options (e.g., a December 2001 grant of 7.5 million options to Jobs that subsequently ended in a backdating scandal) and an Apple-sponsored private plane beyond his salary.
- jakejake 13y agoAh, so much for Wikipedia! Well I guess that goes to prove my point even further than CEOs can appear to be making no salary but are actually receiving tons of money.