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Can you guess salaries of these CEOs?

We mere mortals often make an assumption that the CEOs of the multibillion companies also earn in billions of dollars. Well, that is said to be true in most cases, but amazingly, not in every case.  It can be surprising to know that some of the world famous companies have CEOs who get little, or in fact, no paycheck and most of the time, they forego that hefty sum themselves. Call it their service to humanity or their own humble outlook towards lives, the paychecks of these world- famous CEOs is sure to leave to you stunned.

Elon Musk

The CEO of Tesla, Elon Musk will be going without a paycheck for the next decade. According to California’s minimum wage regulations, his current salary is about $50,000, and that is- to be reiterated again- is just the minimum wage. However, Musk has refused it and his earnings have been tied to Tesla’s performance. He had always managed to reach his targets and if Tesla manages to achieve 12 superbly ambitious targets, which are also known as Market Capitalization Milestones, he would be awarded a cool 55 billion dollars in stock options after ten years.

Larry Page

Larry Page, who is the co-founder of Google and CEO of Alphabet, takes home a salary of just one dollar. Yes, you read that right. Just a dollar. He followed in the footsteps of Steve Jobs who started this practice when he rejoined Apple. Moreover, Google co-founder and Alphabet President Sergei Brin had also been paid a dollar since 2004, after the search engine went public. However, they do have considerable amount of stock options to their names.

Mark Zuckerberg

Another very famous member of the One Dollar Salary Club is the founder and CEO of Facebook, Mark Zuckerberg. He stood a chance to get a massive salary of $770,000 way back in 2013, which would have risen significantly by now. And yet gave it all away and took home just a dollar. However, he raked in a whopping 23 billion dollars recently as Facebook’s share price continue to increase. Performance based share options are considered to be more appeasing to the other workers of the company which is why the CEO often forego the huge paychecks.

Richard Fairbank

If we shift our gaze to the banking sector- the sector which, well, deals only in money- it can be seen that there are many here who have also foregone their massive salaries. Richard Fairbank, the CEO and founder of the commercial bank Capital One, has gone without any salary or bonuses for over two decades. He chooses to take his pay on the performance of the bank and in stock options. Currently, he is worth around 1.1 billion as Capital One’s share price continue to rise.

Jack Dorsey

Another noteworthy figure, Jack Dorsey, who is the founder of Twitter, also takes home hardly any salary at all. He also heads Square, which is a credit card processing company and he hardly take anything from both of them. However, the firms do cover his security and that alone costs about $70,000 a year. Evan Spiegel, the CEO of Snap, also saw his salary drop next to nothing since the company filed for IPO. However, he does gets his pay through rewards and stock options, which is the case with quite a few other CEOs as mentioned above. It can be said that these individuals have done remarkably well for themselves and are an example to those who feel that cash is everything. Well, it is not and they bask in the glory of their recognition more than anything else. Read the full article

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