The buck-a-year salary is a grand gesture by corporate chiefs usually intended to broadcast the CEO’s confidence in the future of the business. But a new study suggests it may also be a smokescreen—more a public relations stunt by the CEO than a sign they are a team player who wants to make a sacrifice for the good of the company.
What’s the Big Idea?
According to CNN Money, these self-abnegating chieftains often make up what they lose in salary by loading up on stock options. Meanwhile, in another of its articles, it says that regulators should “pay closer attention to the growing body of evidence that CEOs paid in stock and options are not any more likely to act in his or her company’s best interest.”
Embedded in a cell phone or in accessories such as rings, bracelets or watches, the novel tools aim to make it easier to manage hypertension. But they must still pass several tests before hitting the clinic.