15 Executives Who Receive $1 Salaries
Much has been made of big-name CEOs like Facebook's Mark Zuckerberg and Google's Larry Page giving themselves a salary of one dollar. It's a man-of-the-people kind of gesture, the type of thing that suggests empathetic leadership while making a point about inflated corporate pay days. But is it a meaningful gesture?
Oracle CEO Lawrence J. Ellison may have a $1 salary, but he takes home $78.4 million in stock options, making him the top-paid CEO in the US. While his company's software engineers are well paid at $104,091, other corporate heads--many of which still take home full salaries--point to a troubling disparity between executive and worker pay.
Compare CVS CEO Larry J. Merlo's $22.9 million paycheck with the $16,680 made by his cashiers, for instance. Or the $58 million severance package Yahoo gave former COO Henrique de Castro when they dropped him after 15 months.
Executives, like Zuckerberg and Ellison, who basically opt out of their salaries are probably taking a step in the right direction. But is it a passive, PR-conscious move that references the issue of pay disparity while doing nothing, essentially, to solve it? Take a look at these 15 high-ranking executives who have elected to receive $1 salaries and decide for yourself.