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by asr
5254 days ago
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Sometimes the explanation is more optimistic than that--sometimes the CEO is rich enough it makes little difference. E.g. John Mackey (Whole Foods CEO) switched to a $1 salary because he felt he no longer needed to work for money [1]. I mean, think about it: Mark owns over $10 billion in Facebook stock--he makes over a billion dollars by pushing the stock price up 10% (or loses over a billion if the stock drops 10%). Either way, a $15 million salary would be fairly insignificant... [1] http://www.businessweek.com/bwdaily/dnflash/content/may2007/... |
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