13 top executives who make a $1 salary or less

While many executives are criticised for their excessive pay, some CEOs have been able to skirt around the issue by choosing to forgo a lofty salary and opting instead for a paycheck of $US1 a year, or less.

Of course, this isn’t to say these executives are living off the dollar menu.

The CEOs on this list are still worth millions, if not billions, but while some merely pay lip service to the $US1 salary club by taking home hefty compensation in the form of company stock awards and bonuses, others forgo adding to their wealth in this way entirely.

“I’ve made enough money,” said Mark Zuckerberg during a Q&A on Facebook in June. “At this point, I’m just focused on making sure I do the most possible good with what I have.” Zuckerberg chooses to take home a $US1 salary and declines stock awards and bonuses.

Here are some CEOs and other executives that belong to the $US1 (or less) salary club:

Mark Zuckerberg

Reuters Pictures/Carlos Garcia Rawlins
Mark Zuckerberg.

The Facebook CEO went from receiving a half-a-million-dollar salary in 2012 to just $US1 a year in 2013, according to the company's most recent SEC filing.

He also forwent receiving a bonus or stock awards. Zuckerberg received a little more than $US600,000 in other compensation last year for costs related to his personal use of a chartered aircraft, and his estimated net worth is currently valued around $US41 billion.

Richard Fairbank

Shaun Heasley/Getty
Richard Fairbank.

Capital One's founder and CEO hasn't received a salary for almost 20 years now. But his annual compensation last year according to the company's annual SEC filing totaled more than $US19 million.

Among other things, in 2014 Fairbanks received a more than $US4 million bonus, more than $US13 million in stock awards, $US1.75 million in option awards, and almost $US100,000 in other compensation, which included about $US70,000 for the personal use of a driver who also provided personal security.

Steven Kean

YouTube/The Motley Fool
Steven Kean.

Taking over for Richard Kinder in June as Kinder Morgan's CEO, Steven Kean continued Kinder's tradition of taking a $US1 salary, the company's SEC filing notes. He also declines receiving an annual bonus, non-equity incentive compensation, and stock awards.

Richard Hayne

courtesy of urban outfitters
Richard Hayne.

In 2009, Hayne, Urban Outfitters' president and CEO, requested that his base salary be set at $US1 a year, the company's SEC filing notes. A portion of his estimated $US1.41 billion net worth comes from his performance bonus for fiscal year 2015, which totaled $US500,000.

He also received about $US30,000 towards his automobile and life insurance premiums from Urban Outfitters.

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