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Notable one-dollar salary CEO earners The following people have been employed for annual salaries of one dollar: Sergey Brin (Alphabet Inc.) - formerly Google Larry Ellison (Oracle Corporation) Darren Entwistle (TELUS) Richard Fairbank (Capital One Financial) Lee Iacocca (Chrysler Corporation) Muhammad Ali Jinnah (Founder of Pakistan), as the first Governor General of Pakistan, fixed his salary to be 1 rupee without any other compensation Steve Jobs (Apple) did not take any alternative form of compensation (stock options, bonus, etc.) from 2003 until his death (in 2011) John F. Kennedy, Former President of the United States[citation needed] John Mackey (Whole Foods Market), who also does not take any alternative form of compensation (stock options, bonus, etc.) N. R. Narayana Murthy (Co-Founder of Infosys) Elon Musk (Tesla Motors) Larry Page (Alphabet Inc.) - formerly Google Mark Pincus (Zynga) Richard Riordan (Mayor of Los Angeles) Henry Samueli (Broadcom Corporation) Eric Schmidt (Google) Arnold Schwarzenegger (former Governor of California)[citation needed] Terry Semel (Yahoo!) Sehat Sutardja (Marvell Technology Group) Meg Whitman (Hewlett-Packard) Jerry Yang (Yahoo!) Mark Zuckerberg (Facebook) Jack Dorsey received no compensation for his time as interim CEO at Twitter David Filo $1 salary with no additional compensation as a founder of Yahoo! Jeremy Stoppelman $1 salary with no option awards at CEO of Yelp Edward Lampert $1 salary with no additional compensation as CEO of Sears Holdings Richard Hayne $1 salary with additional compensation as CEO of Urban Outfitters Jan Koum (founder of Whatsapp) $1 salary joined Facebook's board with stock options worth nearly $2 billion. Honesty is the best policy. |
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If you are reading this blog, you will know "NOT ALL CEO's ARE CROOKS". Those CEO took only $1 as symbol of salary that their determinations, perseverance, intelligence, entrepreneurial spirit, ... driven them to be successful. Yes, they are (were) all billionaires, but not by miracle. They certainly have had their talent, knowledge that we need to learn from them. Of course, some bad apples do exist, such as Wells Fargo bank and Mylan Pharmaceutical CEO's. John Stumpf asked his employees to reach the "sales goal" and pushed 5,300 employees to make "fake accounts", "fraudulent accounts" in order to show-off their business was good. As Mylan increased Epi-Pen injection 6 times to make good profits. People used to blame that pharmacist charged too high prices but now you know it was pharmaceutical companies fault. We are in capitalism countries and we reward CEO's with high salary because they have good insight, good spirit, ... etc. Do NOT let the recent bad apples ruined the whole package. Honesty is the best policy.
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Steve Jobs (Apple) did not take any alternative form of compensation (stock options, bonus, etc.) That shall put Wells Fargo bank CEO in shame. At his Stanford University commencement speech, Steve Jobs, CEO and co-founder of Apple and Pixar, urges us to pursue our dreams and see the opportunities in life's setbacks — including death itself. Honesty is the best policy.
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Those CEO's have had commitment to success. Their spirit, courage, and perseverance to make their companies to summit. One particular CEO I'd like to mention here is Jerry Yang (Yahoo!) who was born and raised in Taiwan, he can speak Mandarin and Taiwanese besides fluent English. Not all CEO's are bad apples like Wells Fargo bank or Mylan pharmaceutical. Honesty is the best policy.
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