One-dollar salary#Notable one-dollar salary earners

{{Use mdy dates|date=January 2024}}

{{Short description|Nominal salary used in situations where an executive wishes to work without direct compensation}}

{{Use American English|date=July 2019}}

{{redirect|Dollar-a-year man|the 1921 film|The Dollar-a-Year Man}}

A one-dollar salary is a method used when a business executive or government employee wishes to work without direct compensation, but must receive a salary above zero to legally distinguish them from a volunteer.{{cite news |url = https://www.wired.com/business/2012/02/one-dollar-ceo-zuckerberg-page/ |title = A Dollar for Your Thoughts: Silicon Valley's Famed Single-Digit Salaries |last = Isaac |first = Mike |date = February 10, 2012 |magazine = Wired |access-date = January 4, 2013 |archive-url = https://web.archive.org/web/20130216125558/http://www.wired.com/business/2012/02/one-dollar-ceo-zuckerberg-page |archive-date = February 16, 2013 |url-status = live }}{{cite web |url = http://14clicks.com/executives-1-dollar-salaries/ |title = 10 High-Powered Executives with $1 Salaries |publisher = 14clicks.com |archive-url = https://web.archive.org/web/20130106090434/http://14clicks.com/executives-1-dollar-salaries/ |archive-date = January 6, 2013 |url-status = live |access-date = January 3, 2013 }}{{cite news |url = https://news.google.com/newspapers?id=VmQiAAAAIBAJ&pg=2392,2535971&dq=salary-of-one-dollar&hl=en |title = Vanderlip Leaves Biggest Bank and Will Aid McAdoo |date = September 25, 1917 |access-date = January 3, 2013 |newspaper = The Owosso Argus-Press |via = Google News }} The concept first emerged in the early 1900s, when various American leaders of industry offered their services to the government during times of war. In the late 1990s and early 2000s, many executives began accepting one-dollar salaries—often in the case of struggling companies or startups—with the potential for further indirect earnings as the result of stock ownership. Many choose to reduce their salary to avoid income taxes.{{Cite web |last=Crockett |first=Zachary |date=2019-12-08 |title=Why some of America's top CEOs take a $1 salary |url=https://thehustle.co/1-ceo-salary/ |access-date=2024-01-10 |website=The Hustle |language=en-US}}

Dollar-a-year men

In the early-to-mid-20th century, "dollar-a-year men" were business and government executives who helped the government mobilize and manage American industry during periods of war, notably World War I, World War II, and the Korean War. U.S. law generally forbids the government from accepting the services of unpaid volunteers,{{cite web |url = https://www.law.cornell.edu/uscode/text/31/1342 |title = 31 U.S. Code § 1342 – Limitation on voluntary services |publisher = Legal Information Institute |archive-url = https://web.archive.org/web/20140312234037/http://www.law.cornell.edu/uscode/text/31/1342 |archive-date = March 12, 2014 |url-status = live |access-date = March 19, 2014 }} but specific authorities exist within some agencies.{{cite web |url = https://www.law.cornell.edu/uscode/text/43/1475b |title = 43 U.S. Code § 1475b – Volunteer authority |publisher = Legal Information Institute |access-date = February 8, 2024 }}{{cite web |url=https://www.volunteer.gov/ |title=Volunteer.Gov |access-date=8 February 2025}} Those employed by the government had to be paid a nominal salary, and the salary establishes their legal relationship as employees of the government.{{Cite news |url = https://www.politico.com/magazine/story/2014/08/washington-dc-world-war-one-109822 |title = How World War I Transformed Washington |work = Politico Magazine |access-date = March 19, 2018 |archive-url = https://web.archive.org/web/20180320105510/https://www.politico.com/magazine/story/2014/08/washington-dc-world-war-one-109822 |archive-date = March 20, 2018 |url-status = live }} During World War I, about 1,000 such people were employed by the United States.{{cite web |url = https://cdnc.ucr.edu/cgi-bin/cdnc?a=d&d=SU19190314.2.9 |title = One Dollar a Year Men May Lose Two Months' Pay Because of Tax |date = March 14, 1919 |website = Sacramento Union |via = California Digital Newspaper Collection |archive-url = https://web.archive.org/web/20180320043738/https://cdnc.ucr.edu/cgi-bin/cdnc?a=d&d=SU19190314.2.9 |archive-date = March 20, 2018 |url-status = live |access-date = March 19, 2018 }} While they received only a dollar in salary from the government, most executives had their salaries paid by the companies.

The first known such employee was Gifford Pinchot, working for Theodore Roosevelt. After Pinchot, the United States Department of Agriculture employed several dollar-a-year men.{{Cite news |url = https://books.google.com/books?id=gYgeAQAAMAAJ&pg=RA1-PA16 |title = Exit the Dollar-a-Year Man |work = The Independent |location = New York |date = July 6, 1918 |page = 16 |url-status = live |archive-url = https://web.archive.org/web/20180422122131/https://books.google.com/books?id=gYgeAQAAMAAJ&pg=RA1-PA16&dq=%22dollar+a+year%22+men&hl=en&sa=X&ved=0ahUKEwjCpt7ShPzZAhWJzlMKHcMqA80Q6AEIQzAF#v=onepage&q=%22dollar%20a%20year%22%20men&f=false |archive-date = April 22, 2018 |via = Google Books }} On June 19, 1933, Frances Perkins, Secretary of Labor appointed a five-member Labor Advisory Board, of whom two members came from the Amalgamated Clothing Workers union, of whom one, Sidney Hillman, was a dollar-a-year man.{{cite book |first = Matthew |last = Josephson |author-link = Matthew Josephson |title = Sidney Hillman: Statesman of American Labor |publisher = Doubleday |url = https://archive.org/details/sidneyhillmansta001602mbp |page = [https://archive.org/details/sidneyhillmansta001602mbp/page/n367 364] |date = 1952 |access-date = March 18, 2018 }} Progressive lawyer Max Lowenthal was a dollar-a-year man as legal counsel on various congressional committees, befriended U.S. Senator Harry S. Truman, and wound up as a dollar-a-year man in Truman's cabinet.{{citation needed|date=March 2018}}

=World War I=

Bernard Baruch was the first businessman employed for a one-dollar salary.{{Cite news |url = https://www.smithsonianmag.com/history/century-long-history-tapping-wall-street-run-government-180962146/ |title = The Century-Long History of Tapping Wall Street to Run the Government |work = Smithsonian |access-date = March 20, 2018 |language = en }} During World War I, the Advisory Commission to the Council of National Defense was staffed largely by dollar-a-year men, including Bernard Baruch, Robert S. Brookings, and Herbert Bayard Swope.{{cite book |editor-first = Anne |editor-last = Cipriano Venzon |title = The United States in the First World War: An Encyclopedia |publisher = Routledge |year = 1999 |pages = 203–204 |isbn = 978-0-8153-3353-1 |url = https://books.google.com/books?id=YiZRC8bsOuoC&pg=PA203 |archive-url=https://web.archive.org/web/20170202033732/https://books.google.com/books?id=YiZRC8bsOuoC&pg=PA203& |archive-date=February 2, 2017 |access-date = January 2, 2013 |via = Google Books }}

=Interwar=

Massachusetts Governor Alvan T. Fuller, wealthy in his own right, served in several government positions on such terms.{{cn|date=June 2018}}

=New Deal and World War II=

Kentucky's Ashland Oil and Refining Company founder and CEO, Paul G. Blazer (1890–1966), served twice as a government salaried dollar-a-year man: from 1933 to 1935 under President Franklin D. Roosevelt's National Recovery Administration on the Code of Fair Competition for the Petroleum Industry{{cite web |url = http://ufdc.ufl.edu/AA00006879/00001 |title = National Recovery Administration: Code of Fair Competition for the Petroleum Industry |url-status = live |archive-url = https://web.archive.org/web/20140808052346/http://ufdc.ufl.edu/AA00006879/00001 |archive-date = August 8, 2014 }} as Chairman of the Blazer Committee{{cite book |url = https://research.archives.gov/description/7261744 |title = National Archives Identifier: 7261744 HMS Entry Number: NC-79 28 Records Relating to the Blazer Committee Hearing, 1933 – 1936 |url-status = live |archive-url = https://web.archive.org/web/20150402155833/http://research.archives.gov/description/7261744 |archive-date = April 2, 2015 |series = Record Group 232: Records of the Petroleum Administrative Board, 1924 - 1936 }} and a second time during World War II as Chairman of District II Refining for Roosevelt's Petroleum Administration of War.{{cite web |url = http://kykinfolk.com/kyboyd/general/Speech/1956Speech.pdf |archive-url = https://web.archive.org/web/20081201150913/http://kykinfolk.com/kyboyd/general/Speech/1956Speech.pdf |url-status = dead |archive-date = December 1, 2008 |title = 'E Pluribus Unum!' 'One Out of Many' An Oil Company Grows Through Acquisitions, An Address at Lexington by member Paul G. Blazer, American Newcomen Society, copyright 1956 (page 6) }}{{cite news |work = The New York Times |url = https://www.nytimes.com/1926/09/20/archives/fuller-explains-refusal-of-salary-bay-state-governor-says-duty.html |title = Fuller Explains Refusal of Salary |date = September 20, 1926 |archive-url = https://web.archive.org/web/20121103155241/http://select.nytimes.com/gst/abstract.html?res=F20A13FC345E1B7A93C2AB1782D85F428285F9& |archive-date = November 3, 2012 |access-date = July 24, 2010 }} Herman Wouk worked in Washington, D.C., as a dollar-a-year man writing radio scripts for the U.S. Treasury's Defense Bond Campaign beginning in June 1941.Arnold Beichman, Herman Wouk: The Novelist as Social Historian (New Brunswick, NJ: Transaction Books, 1984), pp. 5 & 13-14. During World War II, socialite Doris Duke worked in a canteen for U.S. sailors in Egypt at such a salary.{{cite news |last = Pace |first = Eric |title = Doris Duke, 80, Heiress Whose Great Wealth Couldn't Buy Happiness, Is Dead |work = The New York Times |date = October 28, 1993 |access-date = January 2, 2013 |url = https://www.nytimes.com/1993/10/29/obituaries/doris-duke-80-heiress-whose-great-wealth-couldn-t-buy-happiness-is-dead.html |url-status = live |archive-url = https://web.archive.org/web/20120826173510/http://www.nytimes.com/1993/10/29/obituaries/doris-duke-80-heiress-whose-great-wealth-couldn-t-buy-happiness-is-dead.html |archive-date = August 26, 2012 }}

In Canada during World War II, C. D. Howe, Canada's "Minister of Everything", created a rearmament program using "dollar-a-year men".{{cite web |url = http://collections.ic.gc.ca/heirloom_series/volume5/218-221.htm |title = Clarence Decatur Howe |work = Canada's Digital Collections |first = Art |last = Bailey |url-status = dead |archive-url = https://web.archive.org/web/20090831160915/http://collections.ic.gc.ca/heirloom_series/volume5/218-221.htm |archive-date = August 31, 2009 }} An example was John Wilson McConnell, the owner and publisher of the Montreal Star, who was appointed Director of Licences for the Wartime Trade Board, a position for which he served for free.{{cite web |url = http://collections.ic.gc.ca/heirloom_series/volume6/318-319.htm |title = John Wilson McConnell |work = Canada's Digital Collections |first = Mel |last = James |url-status = dead |archive-url = https://web.archive.org/web/20091127202507/http://collections.ic.gc.ca/heirloom_series/volume6/318-319.htm |archive-date = November 27, 2009 }} Others include E. P. Taylor and Austin Cotterell Taylor.{{cite web |url = http://vancouverhistory.ca/chronology1965.htm |title = The History of Metropolitan Vancouver - 1965 Chronology |website = vancouverhistory.ca |url-status = live |archive-url = https://web.archive.org/web/20170103010325/http://vancouverhistory.ca/chronology1965.htm |archive-date = January 3, 2017 }}

Recent examples

Some recent one-dollar salary earners worked in government as well, most notably former California governor Arnold Schwarzenegger,{{cite web |first = Mike |last = Tuttle |url = http://www.webpronews.com/zuckerbergs-one-dollar-salary-2012-02 |title = Zuckerberg's One-Dollar Salary: Why Do CEOs Do That? |publisher = WebProNews |access-date = January 4, 2013 |url-status = live |archive-url = https://web.archive.org/web/20130403174243/http://www.webpronews.com/zuckerbergs-one-dollar-salary-2012-02 |archive-date = April 3, 2013 |date = February 3, 2012 }} former Massachusetts governor Mitt Romney,{{cite web |url = http://www.scpr.org/programs/madeleine-brand/2012/01/06/22031/dollar-a-year/ |title = How does a dollar a year salary work? |publisher = 89.3 KPCC |work = The Madeleine Brand Show |last = Ferguson |first = Kevin |date = January 6, 2012 |access-date = January 4, 2013 |url-status = live |archive-url = https://web.archive.org/web/20140202122510/http://www.scpr.org/programs/madeleine-brand/2012/01/06/22031/dollar-a-year/ |archive-date = February 2, 2014 }} and former New York City mayor Michael Bloomberg.{{cite news |last1=Wood |first1=Robert W. |title=Tax-Smart Billionaires Who Work For $1 |url=https://www.forbes.com/sites/robertwood/2014/04/05/tax-smart-billionaires-who-work-for-1/ |access-date=21 June 2024 |work=Forbes |date=Apr 5, 2014}}

After promising to take only a dollar a year in November 2016, U.S. President Donald Trump in his first term donated the first three months of his salary to the National Park Service and stated plans to donate all of his salary during the term.

{{cite news |url = https://www.theatlantic.com/politics/archive/2016/11/trump-presidential-salary/507965/ |title = The Dollar-a-Year Man |work = The Atlantic |first = Adam |last = Chandler |date = November 16, 2016 |access-date = March 18, 2018 |url-status = live |archive-url = https://web.archive.org/web/20180319085006/https://www.theatlantic.com/politics/archive/2016/11/trump-presidential-salary/507965/ |archive-date = March 19, 2018 }}{{cite web |url = https://www.bbc.co.uk/news/election-us-2016-37977433 |title = How common is Trump's $1 salary? |date = November 14, 2016 |publisher = BBC |url-status = live |archive-url = https://web.archive.org/web/20161115113433/http://www.bbc.co.uk/news/election-us-2016-37977433 |archive-date = November 15, 2016 }}{{cite web |url = http://www.vanityfair.com/news/2017/03/donald-trump-salary-donation |title = Is Donald Trump Actually Donating His Presidential Salary? |work = Vanity Fair |first = Tina |last = Nguyen |date = March 13, 2017 |url-status = live |archive-url = https://web.archive.org/web/20170626153245/http://www.vanityfair.com/news/2017/03/donald-trump-salary-donation |archive-date = June 26, 2017 }}{{cite web |url = http://www.politifact.com/truth-o-meter/promises/trumpometer/promise/1341/take-no-salary/ |title = Trump-O-Meter: Take no salary |work = PolitiFact |access-date = September 16, 2018 }} He later donated his salary to various federal departments, as he had promised to do during his campaign.{{cite web |title = Trump-O-Meter |work = PolitiFact |url = https://www.politifact.com/truth-o-meter/promises/trumpometer/promise/1341/take-no-salary/ }} However, he did bill the US government, in particular the Secret Service, exorbitantly to protect him when he spent his time at Mar-a-Lago.{{Cite web |date=2022-10-18 |title=House panel: Trump's bills to Secret Service 'exorbitant' |url=https://apnews.com/article/travel-business-donald-trump-carolyn-maloney-137ff64160fa894ac8c0821bb5f0e7f8 |access-date=2024-07-07 |website=AP News |language=en}}

In 2015, then 15-year-old Corbin Duncan petitioned the Australian Prime Minister, Malcolm Turnbull, to take up a $1 salary.{{Cite news |url = http://www.abc.net.au/news/2015-09-26/brisbane-teenager-calls-on-malcolm-turnbull-to-take-$1-salary/6806968 |title = Brisbane teenager calls on Malcolm Turnbull to take $1 salary |date = September 26, 2015 |work = ABC News |access-date = February 19, 2018 |language = en-AU |url-status = live |archive-url = https://web.archive.org/web/20160910122149/http://www.abc.net.au/news/2015-09-26/brisbane-teenager-calls-on-malcolm-turnbull-to-take-$1-salary/6806968 |archive-date = September 10, 2016 }} The petition was unsuccessful but gained international media coverage.{{Cite news |url = http://www.smh.com.au/comment/why-i-want-the-prime-minister-to-give-up-his-500000-salary-20151001-gjz3dy.html |title = Why I want the Prime Minister to give up his $500,000 salary |last = Duncan |first = Corbin |date = October 2, 2015 |work = The Sydney Morning Herald |access-date = February 19, 2018 |language = en-US |url-status = live |archive-url = https://web.archive.org/web/20180219151632/http://www.smh.com.au/comment/why-i-want-the-prime-minister-to-give-up-his-500000-salary-20151001-gjz3dy.html |archive-date = February 19, 2018 }}

Instances of alternative compensation

While many executives who take a one-dollar salary also choose not to take any other forms of compensation, a number earn millions more in bonuses and/or other forms of compensation. For example, in 2010–11 Oracle's founder and CEO Larry Ellison made only $1 in salary, but earned over $77 million in other forms of compensation.{{cite web |last = Brush |first = Michael |url = http://money.msn.com/investing/the-myth-of-the-1-dollar-ceo-brush.aspx |title = The myth of the $1 CEO – 1 – executive compensation – |publisher = MSN |work = MSN Money |date = January 17, 2012 |access-date = January 2, 2013 |url-status = dead |archive-url = https://web.archive.org/web/20130606053938/http://money.msn.com/investing/the-myth-of-the-1-dollar-ceo-brush.aspx |archive-date = June 6, 2013 }}

In some cases, in lieu of a salary, the executives receive stock options.{{cite news |first = Moira |last = Herbst |url = https://www.bloomberg.com/bw/stories/2007-09-14/the-elite-circle-of-1-ceosbusinessweek-business-news-stock-market-and-financial-advice |title = The Elite Circle of $1 CEOs |date = September 14, 2007 |access-date = August 22, 2015 |archive-url = https://web.archive.org/web/20150924194416/http://www.bloomberg.com/bw/stories/2007-09-14/the-elite-circle-of-1-ceosbusinessweek-business-news-stock-market-and-financial-advice |archive-date = September 24, 2015 |url-status = live |publisher = Bloomberg L.P. }}{{Cite news |url = https://abcnews.go.com/Business/Economy/story?id=6378775&page=1 |title = The Other Side of the $1 Salary |last = Mayerowitz |first = Scott |date = December 3, 2008 |publisher = ABC News |access-date = July 25, 2009 |url-status = live |archive-url = https://web.archive.org/web/20090907054712/https://abcnews.go.com/Business/Economy/story?id=6378775&page=1 |archive-date = September 7, 2009 }} In the United States, this approach impacts personal tax liability, because although stock and option grants are taxed at federal income rates, they may be exempt from some portion of payroll taxes (typically 7.65%) used to fund Social Security and Medicare.{{cite web |title = IRS Extends Indefinitely Stock Option FICA/FUTA Tax Withholding Moratorium |first = Steven M. |last = Margolis |publisher = Weil, Gotshal & Manges LLP |url = http://www.weil.com/news/pubdetail.aspx?pub=8044 |url-status = dead |archive-url = https://web.archive.org/web/20131109092152/http://www.weil.com/news/pubdetail.aspx?pub=8044 |archive-date = November 9, 2013 }}

Executives argue that remuneration through stock instead of salary ties management performance to their financial benefits. The assumption is that stock prices will reflect the actual value of a company, which reflect the management performance of the company. Detractors argue that this incentive may drive short-term planning over long-term planning.{{cite book |title = The Future of Success |first = Robert |last = Reich |date = January 9, 2001 |page = [https://archive.org/details/futureofsuccess00reic/page/74 74] |publisher = A. Knopf |isbn = 0375411127 |url = https://archive.org/details/futureofsuccess00reic/page/74 |author-link = Robert Reich }}

==Notable one-dollar salary earners==

The following people have been employed for annual salaries of one dollar:

{{div col}}

  • Arnold Schwarzenegger (former Governor of California){{cite web |url = https://www.bbc.co.uk/news/election-us-2016-37977433 |title = How common is Trump's $1 salary? |date = November 14, 2016 |website = BBC News |access-date = June 28, 2018 }}
  • Darren Entwistle (TELUS){{cite web |url = http://about.telus.com/investors/annualreport2011/our_message_and_team/ceos_letter/a_passion_for_growth/ |title = TELUS Annual Report 2011 – CEO letter to investors |date = December 31, 1999 |publisher = About.telus.com |archive-url = https://web.archive.org/web/20130204041327/http://about.telus.com/investors/annualreport2011/our_message_and_team/ceos_letter/a_passion_for_growth/ |archive-date = February 4, 2013 |url-status = dead |access-date = January 2, 2013 }}
  • David Filo (Yahoo!){{cite web |url = http://www.businessinsider.com/ceos-who-take-1-dollar-salary-or-less-2015-8 |title = 13 top executives who make a $1 salary or less |last = Gillet |first = Rachel |date = August 14, 2015 |publisher = Business Insider Inc. |archive-url = https://web.archive.org/web/20150816184115/http://www.businessinsider.com/ceos-who-take-1-dollar-salary-or-less-2015-8 |archive-date = August 16, 2015 |url-status = live |access-date = August 15, 2015 }}
  • David Lloyd George (former Prime Minister of the United Kingdom)
  • Donald Trump (in his first term as President of the United States)
  • Edward Lampert (Sears Holdings)
  • Elon Musk (Tesla Motors, SpaceX){{cite news |url = https://www.bloomberg.com/news/2013-08-09/musk-gets-4-3-million-of-stock-options-for-model-x-work.html |title = Musk Gets $4.3 Million of Stock Options for Model X Work |first = Megan |last = Durisin |date = August 10, 2013 |work = Bloomberg |archive-url = https://web.archive.org/web/20140116230047/http://www.bloomberg.com/news/2013-08-09/musk-gets-4-3-million-of-stock-options-for-model-x-work.html |archive-date = January 16, 2014 |url-status = live }}
  • Eric Schmidt (Google)
  • Evan Spiegel (Snap){{cite web |url = https://www.cnbc.com/2017/03/01/the-real-story-behind-snap-ceo-evan-spiegels-1-dollar-a-year-salary.html |title = The real story behind Snap CEO Evan Spiegel's $1-a-year salary |last = Wells |first = Nick |website = CNBC |date = March 1, 2017 |archive-url = https://web.archive.org/web/20170818010332/https://www.cnbc.com/2017/03/01/the-real-story-behind-snap-ceo-evan-spiegels-1-dollar-a-year-salary.html |archive-date = August 18, 2017 |url-status = live |access-date = August 17, 2017 }}
  • F. Thomson Leighton (Akamai){{Cite news |url = https://money.cnn.com/gallery/news/2014/09/15/executives-one-dollar-salaries/13.html |title = 15 top executives with $1 salaries |last = Fox |first = Emily Jane |newspaper = CNNMoney |access-date = February 20, 2017 |archive-url = https://web.archive.org/web/20170220094337/http://money.cnn.com/gallery/news/2014/09/15/executives-one-dollar-salaries/13.html |archive-date = February 20, 2017 |url-status = live }}
  • Henry Samueli (Broadcom Corporation){{cite web |url = http://66.218.69.11/search/cache?ei=UTF-8&p=henry+samueli+salary&fr=yfp-t-501&u=swz.salary.com/execcomp/layouthtmls/excl_execreport_103441.html&w=henry+samueli+salary&d=eC_Px-ljO9R-&icp=1&.intl=us |title = Compensation for Henry Samueli, BROADCOM, Chairman of the Board of Directors (effective May 21, 2003) }}{{dead link|date=January 2018|bot=Emir of Wikipedia|fix-attempted=yes}}
  • Herbert Hoover (former President of the United States){{cite web |url = https://www.bbc.co.uk/news/election-us-2016-37977433 |title = How common is Trump's $1 salary? |date = November 14, 2016 |work = BBC News |archive-url = https://web.archive.org/web/20161115010640/http://www.bbc.co.uk/news/election-us-2016-37977433 |archive-date = November 15, 2016 |url-status = live |access-date = November 14, 2016 }}
  • Jack Dorsey (Twitter)
  • Jan Koum (WhatsApp){{Cite news |url = http://economictimes.indiatimes.com/news/international/business/whatsapp-founders-jan-koum-and-brian-acton-own-nearly-9-billion-in-facebook-stock/articleshow/44978290.cms |title = WhatsApp founders Jan Koum and Brian Acton own nearly $9 billion in Facebook stock |newspaper = The Economic Times |access-date = February 20, 2017 |archive-url = https://web.archive.org/web/20170220104717/http://economictimes.indiatimes.com/news/international/business/whatsapp-founders-jan-koum-and-brian-acton-own-nearly-9-billion-in-facebook-stock/articleshow/44978290.cms |archive-date = February 20, 2017 |url-status = dead }}
  • Jeremy Stoppelman (Yelp)
  • Jerry Yang (Yahoo!){{cite web |url = http://www.paidcontent.org/entry/419-10-q-watch-yahoos-acquisitions-yang-salary/ |title = 10-Q Watch: Yahoo's Acquisitions; Yang Salary |date = August 9, 2007 |publisher = paidContent.org |archive-url = https://web.archive.org/web/20090210081959/http://www.paidcontent.org/entry/419-10-q-watch-yahoos-acquisitions-yang-salary/ |archive-date = February 10, 2009 |url-status = live |access-date = January 3, 2013 }}
  • John F. Kennedy (former President of the United States)
  • John Mackey (Whole Foods Market)
  • Jon Corzine (former Governor of New Jersey){{cite news |url = https://www.nytimes.com/2006/10/04/nyregion/04goldman.html |title = The Goldman Sachs Crew That's Helping Run Trenton Government |last = Chen |first = David W. |work = The New York Times |date = October 4, 2006 |access-date = August 26, 2008 |archive-url = https://web.archive.org/web/20110608115605/http://www.nytimes.com/2006/10/04/nyregion/04goldman.html |archive-date = June 8, 2011 |url-status = live |page = 2 }}
  • Larry Ellison (Oracle Corporation)
  • Larry Page (Alphabet Inc.)
  • Lee Iacocca (Chrysler Corporation){{cite news |url = https://www.forbes.com/2002/05/08/0508iacocca.html#78e93a271c34 |title = The Dollar-a-Year Man |date = May 8, 2002 |access-date = March 18, 2018 |archive-url = https://web.archive.org/web/20180319085144/https://www.forbes.com/2002/05/08/0508iacocca.html#78e93a271c34 |archive-date = March 19, 2018 |url-status = live |work = Forbes }}
  • Mark Pincus (Zynga){{cite news |url = https://venturebeat.com/2013/04/05/zynga-ceo-volunteers-to-reduce-his-salary-to-1/ |title = Zynga CEO volunteers to reduce his salary to $1 |last = Grubb |first = Jeffrey |date = April 5, 2013 |newspaper = VentureBeat |access-date = April 15, 2013 |archive-url = https://web.archive.org/web/20130409143601/http://venturebeat.com/2013/04/05/zynga-ceo-volunteers-to-reduce-his-salary-to-1/ |archive-date = April 9, 2013 |url-status = live }}
  • Mark Zuckerberg (Facebook){{cite web |url = https://www.theguardian.com/technology/2014/apr/01/facebook-founder-mark-zuckerberg-base-salary-one-dollar |title = Facebook founder Mark Zuckerberg's base salary falls to $1 |date = April 2, 2014 |work = The Guardian |archive-url = https://web.archive.org/web/20140402034006/http://www.theguardian.com/technology/2014/apr/01/facebook-founder-mark-zuckerberg-base-salary-one-dollar |archive-date = April 2, 2014 |url-status = live |access-date = April 2, 2014 }}
  • Meg Whitman (Hewlett-Packard){{cite news |url = https://money.cnn.com/2011/09/30/technology/meg_whitman_salary/index.htm?source=cnn_bin |title = HP CEO Meg Whitman's salary: $1 |archive-url = https://web.archive.org/web/20111001071805/http://money.cnn.com/2011/09/30/technology/meg_whitman_salary/index.htm?source=cnn_bin |archive-date = October 1, 2011 |work = CNN Money }}
  • N. R. Narayana Murthy (Infosys)
  • Richard Fairbank (Capital One Financial)
  • Richard Hayne (Urban Outfitters)
  • Richard Riordan (Mayor of Los Angeles){{cite web |url = http://www.scpr.org/programs/madeleine-brand/2012/01/06/22031/dollar-a-year/ |title = How does a dollar a year salary work? |agency = Southern California Public Radio |publisher = KPCC |archive-url = https://web.archive.org/web/20140202122510/http://www.scpr.org/programs/madeleine-brand/2012/01/06/22031/dollar-a-year/ |archive-date = February 2, 2014 |url-status = live |date = January 6, 2012 }}
  • Robert Duggan (Pharmacyclics){{cite web |url = http://americasmarkets.usatoday.com/2015/03/24/the-3-55-billion-man/ |title = The 3.55 Billion Dollar Man |website = USA Today |archive-url = https://web.archive.org/web/20150628091954/http://americasmarkets.usatoday.com/2015/03/24/the-3-55-billion-man/ |archive-date = June 28, 2015 |url-status = live }}
  • Michael Saylor (MicroStrategy){{Cite news |last=Heath |first=Thomas |date=September 8, 2014 |title=MicroStrategy CEO reduces pay to $1 from $875,000 following criticism of stewardship |url=https://www.washingtonpost.com/business/capitalbusiness/microstrategy-ceo-reduces-pay-from-875k-to-1-following-criticism-of-his-stewardship/2014/09/08/483ae2c6-377f-11e4-bdfb-de4104544a37_story.html |newspaper=The Washington Post |archive-url=https://archive.today/20240726033929/https://www.washingtonpost.com/business/capitalbusiness/microstrategy-ceo-reduces-pay-from-875k-to-1-following-criticism-of-his-stewardship/2014/09/08/483ae2c6-377f-11e4-bdfb-de4104544a37_story.html |archive-date=July 26, 2024 |url-status=live}}{{Cite news |last1=Kharif |first1=Olga |last2=Contiliano |first2=Tom |date=April 24, 2024 |title=MicroStrategy's Saylor Reaps a Stock Windfall During Bitcoin's Record Run |url=https://www.bloomberg.com/news/articles/2024-04-29/microstrategy-s-saylor-reaps-a-stock-windfall-during-bitcoin-s-record-run |publisher=Bloomberg News |archive-url=https://archive.today/20240429215835/https://www.bloomberg.com/news/articles/2024-04-29/microstrategy-s-saylor-reaps-a-stock-windfall-during-bitcoin-s-record-run |archive-date=April 29, 2024 |url-status=live}}
  • Sehat Sutardja (Marvell Technology Group){{cite news |url = http://www.marketwatch.com/news/story/marvell-techs-ceo-acting-coo/story.aspx?guid={3C6E2756-3E5B-4566-8AC4-F6F5929D42C6} |title = Marvell Tech's CEO, Acting COO Take Salary Cut, Each To Be Paid $1 |work = MarketWatch |date = January 16, 2008 }}
  • Sergey Brin (Alphabet Inc.){{cite web |url = https://www.sec.gov/Archives/edgar/data/1288776/000119312506010016/d8k.htm |title = Google SEC Filing 2006 |publisher = Sec.gov |access-date = January 3, 2013 |url-status = live |archive-url = https://web.archive.org/web/20121207173148/http://www.sec.gov/Archives/edgar/data/1288776/000119312506010016/d8k.htm |archive-date = December 7, 2012 }}
  • Steve Jobs (Apple){{cite web |url = http://files.shareholder.com/downloads/AAPL/1661508868x0x531628/b6ec469d-aff8-4eef-9077-1defc2258f6b/2012_Proxy.pdf |title = Apple's 2012 Proxy |archive-url = https://web.archive.org/web/20120907093237/http://files.shareholder.com/downloads/AAPL/1661508868x0x531628/b6ec469d-aff8-4eef-9077-1defc2258f6b/2012_Proxy.pdf |archive-date = September 7, 2012 |url-status = live |access-date = January 3, 2013 }}{{cite web |url = http://investor.apple.com/secfiling.cfm?filingID=1193125-09-2537&CIK=320193 |title = Apple's 2009 Proxy |date = January 7, 2009 |publisher = Investor.apple.com |archive-url = https://web.archive.org/web/20140413150351/http://investor.apple.com/secfiling.cfm?filingID=1193125-09-2537&CIK=320193 |archive-date = April 13, 2014 |url-status = dead |access-date = January 3, 2013 }}{{cite web |url = http://investor.apple.com/secfiling.cfm?filingID=1104659-07-28382&CIK=320193 |title = Apple's 2007 Proxy |date = April 16, 2007 |publisher = Investor.apple.com |archive-url = https://web.archive.org/web/20140413142842/http://investor.apple.com/secfiling.cfm?filingID=1104659-07-28382&CIK=320193 |archive-date = April 13, 2014 |url-status = dead |access-date = January 3, 2013 }}
  • Terry Semel (Yahoo!)
  • Vikram Pandit (Citigroup){{Cite news |url = https://www.nytimes.com/2010/09/25/business/25citi.html |title = Citigroup's Pandit Takes $1 in Compensation for 2010 |last = Dash |first = Eric |date = September 24, 2010 |newspaper = The New York Times |access-date = January 29, 2017 |archive-url = https://web.archive.org/web/20170202070020/http://www.nytimes.com/2010/09/25/business/25citi.html |archive-date = February 2, 2017 |url-status = live |issn = 0362-4331 }}
  • William Clay Ford Jr. (Ford Motor Company)
  • William Knudsen (Chairman of the Office of Production Management){{cite book |title = The Arsenal of Democracy |date = 2014 |publisher = Houghton Mifflin Harcourt |isbn = 978-0-547-71928-3 |location = New York |pages = 72–73 |last1 = Baime |first1 = Albert }}

{{div col end}}

See also

References

{{Reflist}}

Further reading

{{refbegin}}

  • {{Cite news |url = http://fortune.com/2011/06/01/a-1-ceo-isnt-a-bargain/ |title = A $1 CEO isn't a bargain |last = Kimes |first = Mina |date = June 1, 2011 |access-date = March 20, 2015 }}
  • {{cite magazine |last1 = Hamm |first1 = Sophia |last2 = Jung |first2 = Michael J. |last3 = Wang |first3 = Clare |url = http://ssrn.com/abstract=2549340 |title = Making Sense of One Dollar CEO Salaries |magazine = Contemporary Accounting Research |volume = 32 |issue = 3 |pages = 941–972 |date = Fall 2015 }}
  • {{cite thesis |last = Reagan |first = Michael D. |year = 1959 |title = Serving two masters: Problems in the employment of dollar-a-year and without compensation personnel |type = PhD dissertation |publisher = Princeton University }}
  • {{Cite journal |last = Cuff |first = Robert D. |year = 1967 |title = A 'Dollar-a-Year Man' in Government: George N. Peek and the War Industries Board |journal = The Business History Review |volume = 41 |issue = 4 |pages = 404–420 |doi = 10.2307/3112648 |jstor = 3112648 |s2cid = 154842124 }}
  • {{cite thesis |last = Stuart |first = Jeremy |year = 2013 |url = https://prism.ucalgary.ca/bitstream/handle/11023/463/ucalgary_2013_stuart_jeremy.pdf?sequence=2&isAllowed=y |title = Captains of Industry Crewing the Ship of State: Dollar-a-Year Men and Industrial Mobilization in WWII Canada, 1939-1942 |publisher = University of Calgary }}

{{refend}}

Category:Corporate finance

Category:Tax avoidance

Category:Wages and salaries

One dollar