Earning a One Dollar Salary
The top guys at Google are doing it again. A Reuters report states that Google Execs Keep $1 Salaries. The article also reports Schmidt earned $250,000 while Brin and Page each earned $150,000 before taking up their one dollar annual salaries in 2004. Being able to do something one enjoys, like helping businesses rise, without having to worry about life’s necessities is great. Opting to depend on performance-based portfolio income is something to be admired about any business leader. An increase in their personal financial worth will rely on their ability to increase the value of the business and not on accumulating earned income, which has a weaker dependence on their performance.