Current Events > Why do those CEOs take only a $1 salary?

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lilORANG 03/23/18 9:14:07 AM #1:	I wouldn't give af about my job if I knew I was only making $1/year. --- #FeelTheBern http://i.imgur.com/q5z4CUu.jpg http://i.imgur.com/6B9oFXh.jpg http://i.imgur.com/sy42Dlf.jpg <cite>lilORANG posted [p:898338851] in Why do tho... [t:76444452]...</cite> <quote>I wouldn't give af about my job if I knew I was only making $1/year.</quote> ... Copied to Clipboard!
deupd_u 03/23/18 9:14:54 AM #2:	Just another example of corporate greed. So many people need that $1 way more --- Snipers don't shoot at paper, they shoot watermelons. http://i.imgur.com/jo511lG.jpg <cite>deupd_u posted [p:898338888] in Why do tho... [t:76444452]...</cite> <quote>Just another example of corporate greed. So many people need that $1 way more</quote> ... Copied to Clipboard!
im not 13 03/23/18 9:15:22 AM #3:	Tax purposes --- http://media.tumblr.com/tumblr_m510t9eNw71r2yd8o.jpg <cite>im not 13 posted [p:898338901] in Why do tho... [t:76444452]...</cite> <quote>Tax purposes</quote> ... Copied to Clipboard!
DevsBro 03/23/18 9:21:34 AM #4:	im not 13 posted... Tax purposes Elaborate. --- http://backloggery.com/devsbro/sig.gif http://i.imgur.com/kU5vu5N.png Never pepper popcorn <cite>DevsBro posted [p:898339147] in Why do tho... [t:76444452]...</cite> <quote><cite>im not 13 posted...</cite> <quote>Tax purposes</quote> Elaborate.</quote> ... Copied to Clipboard!
hollow_shrine 03/23/18 9:32:37 AM #5:	DevsBro posted... im not 13 posted... Tax purposes Elaborate. You move the bulk of your earnings to incentives that are harder to tax, or that you can manipulate, or properties and privileges that you don't technically own, etc. Or maybe you get an option to buy a property at a certain value with the expectation that you can sell it later for significant profit. There are several advantages to be had by creatively structuring your earnings. --- Whatever happened to standards? Whatever happened to bare minimums? https://i.imgtc.com/7UnK3hx.jpg <cite>hollow_shrine posted [p:898339534] in Why do tho... [t:76444452]...</cite> <quote><cite>DevsBro posted...</cite> <quote><cite>im not 13 posted...</cite> <quote>Tax purposes</quote> Elaborate.</quote> You move the bulk of your earnings to incentives that are harder to tax, or that you can manipulate, or properties and privileges that you don't technically own, etc. Or maybe you get an option to buy a property at a certain value with the expectation that you can sell it later for significant profit. There are several advantages to be had by creatively structuring your earnings.</quote> ... Copied to Clipboard!
DevsBro 03/23/18 9:34:04 AM #6:	hollow_shrine posted... DevsBro posted... im not 13 posted... Tax purposes Elaborate. You move the bulk of your earnings to incentives that are harder to tax, or that you can manipulate, or properties and privileges that you don't technically own, etc. Or maybe you get an option to buy a property at a certain value with the expectation that you can sell it later for significant profit. There are several advantages to be had by creatively structuring your earnings. That makes sense, actually. --- http://backloggery.com/devsbro/sig.gif http://i.imgur.com/kU5vu5N.png Never pepper popcorn <cite>DevsBro posted [p:898339579] in Why do tho... [t:76444452]...</cite> <quote><cite>hollow_shrine posted...</cite> <quote><cite>DevsBro posted...</cite> <quote><cite>im not 13 posted...</cite> <quote>Tax purposes</quote> Elaborate.</quote> You move the bulk of your earnings to incentives that are harder to tax, or that you can manipulate, or properties and privileges that you don't technically own, etc. Or maybe you get an option to buy a property at a certain value with the expectation that you can sell it later for significant profit. There are several advantages to be had by creatively structuring your earnings.</quote> That makes sense, actually.</quote> ... Copied to Clipboard!
im not 13 03/23/18 9:36:30 AM #7:	DevsBro posted... im not 13 posted... Tax purposes Elaborate. Salary tax is the highest and is almost impossible to exploit Dividends, benefits, drawings are just a few ways a CEOs takings can be distributed more tax efficiently --- http://media.tumblr.com/tumblr_m510t9eNw71r2yd8o.jpg <cite>im not 13 posted [p:898339661] in Why do tho... [t:76444452]...</cite> <quote><cite>DevsBro posted...</cite> <quote><cite>im not 13 posted...</cite> <quote>Tax purposes</quote> Elaborate.</quote> Salary tax is the highest and is almost impossible to exploit Dividends, benefits, drawings are just a few ways a CEOs takings can be distributed more tax efficiently</quote> ... Copied to Clipboard!
Darkman124 03/23/18 9:37:19 AM #8:	it's not even the reason, though they hold substantial stock in the company such that their wealth gain as a result of strong performance is so great that an actual salary would be meaningless so they accept $1 salaries as a PR gesture. they are working to increase the value of the majority of their personal equity holdings, rather than working for a salary. being paid money is meaningless--they already are frequently the largest shareholder of their company. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:898339691] in Why do tho... [t:76444452]...</cite> <quote>it's not even the reason, though they hold substantial stock in the company such that their wealth gain as a result of strong performance is so great that an actual salary would be meaningless so they accept $1 salaries as a PR gesture. they are working to increase the value of the majority of their personal equity holdings, rather than working for a salary. being paid money is meaningless--they already are frequently the largest shareholder of their company.</quote> ... Copied to Clipboard!
lesidesi 03/23/18 9:39:22 AM #9:	Darkman124 posted... it's not even the reason, though they hold substantial stock in the company such that their wealth gain as a result of strong performance is so great that an actual salary would be meaningless so they accept $1 salaries as a PR gesture. they are working to increase the value of the majority of their personal equity holdings, rather than working for a salary. being paid money is meaningless--they already are frequently the largest shareholder of their company. this is correct --- If they can get you asking the wrong questions, they don't have to worry about the answers. <cite>lesidesi posted [p:898339764] in Why do tho... [t:76444452]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>it's not even the reason, though they hold substantial stock in the company such that their wealth gain as a result of strong performance is so great that an actual salary would be meaningless so they accept $1 salaries as a PR gesture. they are working to increase the value of the majority of their personal equity holdings, rather than working for a salary. being paid money is meaningless--they already are frequently the largest shareholder of their company.</quote> this is correct</quote> ... Copied to Clipboard!
Darkman124 03/23/18 9:41:01 AM #10:	also it's important to note that this is mainly a founder thing a CEO elected of an ancient company, who has significant holdings but may not have the majority of his wealth sunk into it, will generally accept a market typical salary + bonuses founders almost always have massive holdings of their companies stored away that they never liquidated to enable growth --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:898339824] in Why do tho... [t:76444452]...</cite> <quote>also it's important to note that this is mainly a founder thing a CEO elected of an ancient company, who has significant holdings but may not have the majority of his wealth sunk into it, will generally accept a market typical salary + bonuses founders almost always have massive holdings of their companies stored away that they never liquidated to enable growth</quote> ... Copied to Clipboard!
Cal12 03/23/18 9:42:36 AM #11:	Bob Iger, while not taking a $1 salary, is a good example of that. His incentive payout this year is absurd. <cite>Cal12 posted [p:898339880] in Why do tho... [t:76444452]...</cite> <quote>Bob Iger, while not taking a $1 salary, is a good example of that. His incentive payout this year is absurd.</quote> ... Copied to Clipboard!
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Current Events > Why do those CEOs take only a $1 salary? (+) Yeah! (+)

Current Events > Why do those CEOs take only a $1 salary?