Quote:
Originally Posted by Chemical
A CEO does not depend on salary. They get a percentage of stock added to their portfolio and they sell a percentage as income every year. They have a maximum percentage every year that they can sell according to the IRS.
Because you know, if a CEO sells his entire stock in the company and the company tanks, he goes strait to jail.
Thats how a CEO makes their money, they don't care about 1$ salaries, as a matter of fact most CEOs make that salary.
This is nothing new, alothough he should have had this salary from the beginning.
As an example, Bill Gates has had a 1$ salary for years.
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Which is great, because the better they make the company, the more their income (stocks) go up. He should just tell the gvmt that he is being paid completely in stocks, as motivation to not fail.