
The $1 salary club, which refers to CEOs who take about $1 for their salary (or none at all), has grown in popularity in recent years, especially in tech. Indeed, it could be said that it has become a badge of honor among the wealthiest executives in Silicon Valley. But there's undoubtedly some fine print behind what may look like a sacrificial move at first glance.
While there may be some altruism behind these executives' decisions to forego salaries, investors should note that each of them are already unusually wealthy. In fact, these five CEOs are billionaires. As $1 salary club member Facebook (NASDAQ: FB) CEO Mark Zuckerberg said in a question-and-answer session during a Facebook Townhall meeting in 2015, "I've made enough money." Of course, some executives in the $1 salary club continue to accept compensation in the form of stock options.
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