Blog: Dave Leggett$1 salary illegal?

Dave Leggett | 9 December 2008

The leading execs of big companies sometimes live like rock stars and are pretty well compensated with both salary and stock options. So, they won't exactly be on the breadline if they take a pay cut to $1 a year. Don't spend it all at once guys. Maybe you can't... 

One has to take one's laughs where one can in these economically challenged times. Is a symbolic $1 annual salary actually illegal? It must be under the minimum wage, eh? And how would you get paid the $1? In monthly instalments? Would it be processed like any other payroll sum? This from the Slate.

Slate


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