Mark Zuckerberg Takes $1 Salary, Forgoes Bonuses

Taking a $1 salary has become a tradition among rich CEOs

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(Image: Facebook)

Mark Zuckerberg, founder and CEO of Facebook, is taking a $1 salary this year, and foregoing any bonuses, Mashable reports.

Getting paid $1 has become a tradition among extremely wealthy executives whose real money comes in stocks.

Steve Jobs took a $1 salary when he returned to Apple as CEO in 1998; In 2005, Google co-founders Larry Page and Sergey Brin├é┬áreduced their salaries to $1. Other tech CEOs who take $1 salaries include Oracle’s Larry Ellison, Tesla’s Elon Musk, Zynga’s Mark Pincus, and HP’s Meg Whitman.

Read more at Mashable.