List of single-digit salary earners
- List of single-digit salary earners
A single-digit salary earner is a person whose salary is less than 10 units of the currency in which he would customarily be compensated with salary, but who is compensated by the employer via other means such as shares.
This is done to either avoid taxation, or more commonly, as a symbol that single-digit salary earner has no personal gain from his work other than the gain he or she shares with shareholders. Lee Iacocca famously did so while reviving Chrysler [ [http://www.webpronews.com/topnews/2006/06/05/semel-swaps-salary-for-stock Semel Swaps Salary For Stock | WebProNews ] ] .
Since most single-digit salary earners are also compensated by allocation of stock options critics suggest that the practice is nothing more than a publicity stunt [cite web | bigmouthmedia.com | url=http://www.bigmouthmedia.com/live/articles/yahoo-boss-sees-salary-fall-to-1-dollar.asp/2998/
title=Yahoo boss' salary drops to 1 dollar a year | accessdate=2007-05-09] .
The following people are currently listed as having single-digit salaries:
* Steve Jobs (Apple)
* Jerry Yang (Yahoo!) [ [http://www.paidcontent.org/entry/419-10-q-watch-yahoos-acquisitions-yang-salary/ 10-Q Watch: Yahoo’s Acquisitions; Yang Salary | paidContent.org ] ]
* Sergey Brin (Google) [ [http://www.sec.gov/Archives/edgar/data/1288776/000119312506010016/d8k.htm Google SEC Filing 2006] ] ]
* Larry Page (Google)
* Eric Schmidt (Google)
* Jon Corzine (Governor of New Jersey) [ [http://www.nytimes.com/2006/10/04/nyregion/04goldman.html?pagewanted=2 The Goldman Sachs Crew That’s Helping Run Trenton Government] , "The New York Times", October 4, 2006.]
* Arnold Schwarzenegger (Governor of California)
* Michael Bloomberg (Mayor of New York City)
* Henry Samueli (Broadcom Corporation) [ [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 Compensation for Henry Samueli, BROADCOM, Chairman of the Board of Directors (effective May 21 2003 ] ]
* Richard Kinder (Kinder Morgan)
* James Li (Syntax-Brillian)
* Sehat Sutardja (Marvell Technology Group) [ [http://www.marketwatch.com/news/story/marvell-techs-ceo-acting-coo/story.aspx?guid={3C6E2756-3E5B-4566-8AC4-F6F5929D42C6} Marvell Tech's CEO, Acting COO Take Salary Cut, Each To Be Paid $1] ,January 16, 2008.] ]
* Pantas Sutardja (Marvell Technology Group) References and notes
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