Today I join the Elite Club of CEOs 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 1 dollar position but get 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.
