Re:Tesla’s Pay Deal to Keep Elon Musk: All or Nothing
by craftyguy on Tuesday January 23, 2018 @11:49AM
(#16214965)
Salary does not reflect total compensation. Even the infamous "$1 salary CEOs" still take home millions in options, bonuses, and other perks.
Re:Tesla’s Pay Deal to Keep Elon Musk: All or Nothing
by secabeen on Tuesday January 23, 2018 @10:34AM
(#16214322)
No, there are lots of CEOs that only take $1 salary, in states where they can be exempt from minimum wage.
Re:Tesla’s Pay Deal to Keep Elon Musk: All or Nothing
by Isamu on Tuesday January 23, 2018 @10:39AM
(#16214363)
Steve Job's salary was $1, this was widely reported.
Re:Tesla’s Pay Deal to Keep Elon Musk: All or Nothing
by craftyguy on Tuesday January 23, 2018 @11:51AM
(#16214986)
Bragging about having a $1 salary is basically telling your employees that you make so much more in other benefits that you can choose to forego the one thing (salary) that makes up the vast majority of their total comp.
Re:Tesla’s Pay Deal to Keep Elon Musk: All or Nothing
by throwawayfinal on Tuesday January 23, 2018 @02:45PM
(#16216881)
In Steve Jobs' case, it was meant to instill confidence that he was in it for the long term - at the time, Apple was on death's doorstep.
He also had enough cash in the bank prior to re-joining that he didn't really need the money.
Re:Tesla’s Pay Deal to Keep Elon Musk: All or Nothing
by ZeroGravitas on Tuesday January 23, 2018 @11:50AM
(#16214972)
Didn't he also get the use of a private jet or something like that? That might be considered part of his compensation and so take him above minimum wage.
A first minimum wage CEO of a public company?