The truth behind that $1 salary
Published February 2nd, 2006 in Apple, Shorts, TechnologyIt sounds noble. A top executive takes a $1 salary, opting to base his pay on the performance of the company’s stock, and thus the company itself.
At a time when the average CEO makes about $10 million a year, the $1 salary makes for good public relations. But dig into the pay packages and you’ll find a different story. As a rule, CEOs on the dollar menu have some of the richest pay packages around. Here’s a look at the vast riches obscured by some single-digit salaries.
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