As a statement against the inflated pay raises of many CEOs, chief executive officers like Mark Zuckerberg of Facebook and Larry Ellison of Oracle, among others, are proud that their take-home pay is a mere dollar. However, this isn’t counting, of course stock options. In spite of his one dollar salary, Ellison remains one of the highest-paid CEOs on Wall Street, who has $78 million in stock options, while many of his highest paid employees take home a mere six figure salary.
Cynics call the $1 dollar salary move by CEOs merely lip-service and PR, but don’t some of these CEOs deserve a portion of the companies they created? And at least it makes a statement about fat compensation packages awarded many do-nothing CEOs. The fairness may only be skin deep, but at least it is a nod in the right direction.