10 CEOs Earn ‘Only’ $1 a Year
In a 2006 letter to employees, John Mackey announced he would slash his pay to $1, sell his stock portfolio to charity and set up a $100,000 emergency fund for staff facing personal problems. He wrote: “I am now 53 years old and I have reached a place in my life where I no longer want to work for money, but simply for the joy of the work itself and to better answer the call to service that I feel so clearly in my own heart.” Last year, Mackey earned $680 million in stock gains but no bonuses.
Last year, Larry Page earned absolutely nothing from his CEO salary at Google—except, for that $1, of course. His fortune from Google stock, however, ranks him as the 20th richest person in the world with a net worth of $23 billion. Interestingly, Google co-founder Sergey Brin and current Chairman/former CEO Eric Schmidt have at some point joined the dollar-a-year club. They are both billionaires as well.
Just last month, Jeremy Stoppelman announced he would slash his salary base to $1 for 2013. But the PayPal founder and entrepreneur is already worth a couple million dollars, and he has been granted company shares that should be worth $2 million in two years if Yelp stock manages to stay stable.
For her second consecutive year, Meg Whitman will earn a simple $1 salary, but yes, she’ll also take home a hefty bonus or two. The majority of her pay is instead tied to the company’s performance via stock awards and options. This pay package last year was somewhere in the neighborhood of $15 million. Also, she’s already worth $1.9 billion.
Starting in 2013, Mark Zuckerberg’s salary will be reduced down to $1 a year. As one of the youngest billionaires ever (his net worth is $13.3 billion), he seems to be doing just fine.
Read: https://www.ceo.com/news_and_insights/these-10-ceos-earn-1-a-year/#ceoid=nlel247
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
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2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
