Sign up FAST! Login

Mark Zuckerberg Will Take A $1 Salary

Stashed in: Zuck!

To save this post, select a stash from drop-down menu or type in a new one:

Steve Jobs famously took a $1 salary from the time he returned to Apple as CEO in 1998; he didn’t take any stock grants after 2003, either. In 2005, Google co-founders Larry Page and Sergey Brin, along with then-CEO Eric Schmidt, all reduced their salaries to $1. Schmidt, now executive chairman, takes a salary of several million dollars these days; Page, now CEO, and Brin still make $1.

Other tech CEOs who belong to the $1 salary club include Oracle’s Larry Ellison, Tesla’s Elon Musk, Zynga’s Mark Pincus, and H-P’s Meg Whitman. Yahoo’s Jerry Yang was making $1 before he was ousted as CEO last year. Outside of Silicon Valley, CEOs of American companies who made $1 in salary last year include Capital One’s Richard Fairbank, Urban Outfitters’s Richard Hayne, Fossil’s Kosta Kartsotis, Kinder Morgan’s Richard Kinder, and Duke Energy’s James Rogers.

Read more:

Thereby proving once and for all that making an income is not nearly as tax advantageous as having ridiculously high capital gains taxed at a far lower rate.

Working for a living is for the masses. The truly rich want all their compensation in capital gains.

You May Also Like: