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Mark Zuckerberg’s New Salary: $1 a Year

Facebook founder and CEO Mark Zuckerberg has joined the so-called “$1 salary club.” This year the tech mogul will receive no bonuses and a salary of just a buck, joining the likes of Google co-founders Larry Page and Sergey Brin, Oracle’s Larry Ellison, Zynga’s Mark Pincus, Urban Outfitters’ Richard Hayne, Fossil’s Kosta Kartsotis and a handful of others, according to Mashable. Even Steve Jobs took a $1 salary when he returned to Apple in 1998. Don’t feel too bad for Zuckerberg (or the other CEOs) though—he’s still worth more than $2 billion. Zuck (like the others) makes all of his money in stock options. Though the $1 salary trend started as a publicity stunt, business experts say it is a way for businesses to not only save money, but also make sure executives always have an incentive to make their companies more valuable …

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