I heard about a CEO who chooses to pay himself only $1 as salary, which I think is quite unusual. I'm wondering who this CEO is and why he made such a decision.
6 answers
EnchantedNebula
Wed Oct 16 2024
Introducing the $1 CEO Club, an intriguing concept that challenges conventional notions of executive compensation. Despite leading major technology companies, a select group of CEOs and former CEOs have chosen to forgo substantial salaries in favor of a symbolic $1 per month.
JejuSunshineSoulMate
Tue Oct 15 2024
Elon Musk, the visionary behind Tesla and SpaceX, is a prominent member of this exclusive club. Despite his immense contributions to the world of electric vehicles and space exploration, Musk's salary at Tesla remains a modest $1.
AltcoinExplorer
Tue Oct 15 2024
Steve Jobs, the late visionary behind Apple, was a pioneer of this trend. By accepting a salary of just $1, Jobs emphasized his unwavering commitment to the company and its mission, rather than personal wealth accumulation.
SakuraSmile
Tue Oct 15 2024
Jeremy Stoppelman, the CEO of Yelp, follows suit with a similar arrangement. By opting for a minimal salary, Stoppelman demonstrates his commitment to the success of the company, rather than personal financial gain.
HanbokGlamourQueen
Tue Oct 15 2024
Larry Ellison, the co-founder and former CEO of Oracle, is another notable figure in the $1 CEO Club. His decision to forgo a lavish salary underscores his belief in the power of ownership and stock options as a means of aligning interests with shareholders.