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.
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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.