Friday, March 27, 2009

Just $1

Not $1 plus a bunch of options, bonuses, etc.

The two founders and CEO of Google have again taken only $1 in salary with no other compensation. Granted they’re billionaires, and some perks were given to Eric Smith, but still it’s nice to see some examples being set from the top.

There is enough money. It doesn’t give your measure as a person, and it certainly isn’t all there is in the world.

I know that the AIG execs think they were doing the best job they could, and they had contracts for bonuses, but honestly do we believe that their best effort is good enough? Would they reward their subordinates for their “best effort” when they didn’t achieve results?

No, they wouldn’t.

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