The Myth of the $1 SalaryBy Deborah Perelman | Posted 02-29-2008
The $1 salary--it sounds so noble, doesn't it?
In recent years, more and more executives at big tech companies have opted for a salary of mere pennies, choosing instead to base their pay on the performance of the company's stock--in other words, on the company itself.
Executives who opt for the $1 salary include Yahoo CEO Jerry Yang, Google founders Larry Page and Sergey Brin and its CEO Eric Schmidt. One of the most recognizable examples is Apple CEO and co-founder Steve Jobs.
Read the whole story: The $1 Salary Creates Good PR, Fuzzy Math