Quote:
Originally Posted by 06GTO
They dont need 5 million or whatever anyway, im sure they saved a lot up from all the money they got before...
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That's true, but also know whether you make $50,000 or 5 million, you spend proportionally the same, the differences is the person that makes $50G Vs. 5million will get a camaro Vs. a Mercedes SLR ( approx. $500,000) respectively.
The point is, for a CEO to accept a $1 salary is no loss to anyone of them as long as the company survives and does well, otherwise the company tanks and thats that.
At this point, I would agree that it is a pay cut only because the companies are struggling. After they get over the hump and the company begins to recover in terms of stock, I'm sure they much rather have a $1 salary and sell stocks for money than the alternative.
