List of single-digit salary earners
From Wikipedia, the free encyclopedia
A single-digit salary earner is a person whose salary is less than 10 units of the currency in which he would customarily be compensated with salary, but who is compensated by the employer 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:
- Steve Jobs (Apple)
- Jerry Yang (Yahoo!) [3]
- Sergey Brin (Google) [4]
- Larry Page (Google) [4]
- Eric Schmidt (Google) [4]
- Jon Corzine (Governor of New Jersey) [5]
- Arnold Schwarzenegger (Governor of California)
- Michael Bloomberg (Mayor of New York City)
- Henry Samueli (Broadcom Corporation) [6]
- Richard Kinder (Kinder Morgan)
- James Li (Syntax-Brillian)
- Sehat Sutardja (Marvell Technology Group) [7]
- Pantas Sutardja (Marvell Technology Group) [7]
[edit] References and notes
- ^ Semel Swaps Salary For Stock | WebProNews
- ^ "Yahoo boss' salary drops to 1 dollar a year". http://www.bigmouthmedia.com/live/articles/yahoo-boss-sees-salary-fall-to-1-dollar.asp/2998/. Retrieved on 2007-05-09.
- ^ 10-Q Watch: Yahoo’s Acquisitions; Yang Salary | paidContent.org
- ^ a b c Google SEC Filing 2006
- ^ The Goldman Sachs Crew That’s Helping Run Trenton Government, The New York Times, October 4, 2006.
- ^ Compensation for Henry Samueli, BROADCOM, Chairman of the Board of Directors (effective May 21 2003
- ^ a b Marvell Tech's CEO, Acting COO Take Salary Cut, Each To Be Paid $1,January 16, 2008.
