While many executives are criticized for their excessive pay, some CEOs have been able to skirt around the issue by choosing to forgo a lofty salary and opting instead for a paycheck of around $1 a year, or less.
Of course, this isn’t to say these executives are living off the dollar menu.
The CEOs on this list are still worth millions, if not billions — but while some merely pay lip service to the $1 salary club by taking home hefty compensation in the form of company stock awards and bonuses, others forgo adding to their wealth in this way entirely.
Recent reporting from Business Insider’s Andy Kiersz explains how complicated CEO pay has become. Kiersz reported the findings from The New York Times ranking of the highest paid CEOs, which listed Elon Musk’s extraordinary $2.3 billion pay package. Kiersz also reported that Tesla reached out to Business Insider disputing the claim, stating its chief executive earned $0.
In a Q&A on Facebook in 2015, founder and CEO Mark Zuckerberg said, “I’ve made enough money. At this point, I’m just focused on making sure I do the most possible good with what I have.” Zuckerberg chooses to take home a $1 salary and declines stock awards and bonuses; Fellow social media giant Jack Dorsey follows a similar rule.
Keeping reading for a look at some CEOs and other executives that belong to the $1 (or less) salary club: