Top businessmen's $1 salary myth: How it works

Top businessmens $1 salary myth: How it works
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Top Businessmen\'s $1 Salary Myth: How It Works. We have often hear of companies bragging about how less they pay their CEOs-$1 to be more specific. But we know better than to believe that such a thing is only a myth.

We have often hear of companies bragging about how less they pay their CEOs-$1 to be more specific. But we know better than to believe that such a thing is only a myth. Those holding plum posts and often receive $1 as salaries are worth much more for salary is only a proxy strategy to keep the other employee motivated. These CEOs actually get huge stock-and-option grants.

It's as simple as this: Hrithik Roshan doesn't charge a buck for his role in a movie but takes away huge chunk from the profits a producer makes.

Does it sound clear? But the onus is on him to make the movie work by way of promotions. In case of a CEO, he works hard to improve the performance of his company's stocks so he can take home a fat check!

This more of less has become the norm in corporate world where a person who holds a top job demands not just a salary but the company's profit. So, the next time your CEO fools you into believing that he's working for peanuts, you know how much he's really worth!

Let's take a look at some top 10 businessmen who take home just $1 salary

  • Steve Jobs, Apple
  • Mark Elliot Zuckerberg, Facebook Inc.
  • Eric Emerson Schmidt; Software engineer, Google
  • Henry Samueli, Broadcom Corporation
  • Margaret Cushing Whitman, Hewlett-Packard
  • Elon R. Musk, Tesla Motors
  • Mark Jonathan Pincus, Zynga Inc
  • Sehat Sutardja, Marvell Technology Group
  • Lee Iacocca, Chrysler
  • Arnold Schwarzenegger, former Governor of California
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