List of single-digit salary earners
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A single-digit salary earner is a person whose official salary is less than 10 units of the currency in which he or she would customarily be compensated with salary, but who is compensated by the company he or she works for via other means such as shares.
This is done to either avoid taxation, or more commonly, as a symbol that single-digit salary earner has no personal gain from his work other than the gain he or she shares with shareholders. Lee Iacocca famously did so while reviving Chrysler[1]
Since most single-digit salary earners are also compensated by allocation of stock options critics suggest that the practice is nothing more than a publicity stunt [2].
The following people are currently listed as having single-digit salaries:
Under U.S.$10
- Sergey Brin (Google) [3]
- Steve Jobs (Apple)
- Larry Page (Google) [3]
- Eric Schmidt (Google) [3]
- Terry Semel (Yahoo) [4]
- Mike Bloomberg as mayor of New York City
- Henry Samueli (Broadcom Corporation) [5]
References and notes
- ^ http://www.webpronews.com/topnews/2006/06/05/semel-swaps-salary-for-stock
- ^ "Yahoo boss' salary drops to 1 dollar a year". Retrieved 2007-05-09.
{{cite web}}
: Text "bigmouthmedia.com" ignored (help) - ^ a b c Google SEC Filing 2006
- ^ Yahoo CEO To Be Paid $1 Salary
- ^ http://66.218.69.11/search/cache?ei=UTF-8&p=henry+samueli+salary&fr=yfp-t-501&u=swz.salary.com/execcomp/layouthtmls/excl_execreport_103441.html&w=henry+samueli+salary&d=eC_Px-ljO9R-&icp=1&.intl=us