CEOs who Earn $1 a Year

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Eric Schmidt

eric schmidt, Google, chairman Eric Schmidt, Executive Chairman, Google, joined Google’s board in 2001 and agreed to a base salary of $1, along with the founders of Google in 2004 till 2010. This pay cut resulted in Schmidt earning $81,432 in 2004. When Google agreed to raise Schmidt’s compensation as a result of the stellar performance by the company, he declined the offer and continued to earn $1. He did not receive any additional stock or options in 2009 and 2010. Schmidt is one of the few people who became a billionaire based on the Employee Stock Options.