I Join Business Week’s Elite Circle of $1 CEOs
Today I join the Elite Club of CEO’s who only take home a dollar in in
pay a year (or less). I announce to the world that as CEO of Better
than a Wooden Nickel, I will only get paid one virtual wooden nickel
all year. I have decided to link my future with the future of the
website. Don’t worry about me.
Full disclosure: If I get a wooden nickel every year from now on, I
will have over 40 wooden nickels by the time my natural life ends.
That is over two wooden dollars worth.
For a take on other CEOs who follow my path of putting the company
first, check out this Business Week article. Basically, it says that
some CEOs play all humble with the one dollar position but gets tons of stock options, that they
then backdate. Steve Jobs, who is one of the eminent 1 dollar CEOs, got
a least one free ipod last year, and I bet he didn’t pay taxes on it.
