Tuesday, October 9, 2007

Single Digit Salary Earners in the United States

If you are wondering what a single-digit salary earner is, well it is a person whose salary is less than $10. It is important to not that these single digit salary earners are compensated by the company they work for via other means - such as shares of the company.
Receiving a single digit salary was famously done so by Lee Iacocca when he was reviving Chrysler. Employees, typically executives, receive single digit salaries in order to avoid taxes or to show that they have no personal gain from their work. In the case of individuals with single digit salaries which receive compensation via shares of the company they work for, by not receiving a "typical" salary it becomes a symbol that the individual has no peronal gain from his or her work other than the gains from company shares - which may please shareholders. The following people are listed as having single digit salaries. Please note that there are many wonderful people that actually work for free throughout the world - such as interns and volunteers. This short list includes executives and individuals involved in politics.

Jerry Yang (Yahoo!)
Sergey Brin (Google)
Steve Jobs (Apple)
Larry Page (Google)
Arnold Schwarzenegger (Governor of California)
Eric Schmidt (Google)
Terry Semel (Yahoo)
Michael Bloomberg as Mayor of New York City
Henry Samueli (Broadcom Corporation)
Bob Nardelli (Chrysler)

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