Where is the inefficiency in CEO pay? Maybe they deserve it ... Or should Steve Joobs take apay cut?
Obviouosly, some CEOs who actually harm a company would be overpaid at $1 per year. On the other hand a CEO who can manage in such a way that a company's short term and longterm profit is sufficiently higher to justify his pay could be worth any amount, unless someone else could do just as well and be willing to work for less.
Ah yes the dollar ruse, but how far would 7.5 million Apple shares go? Backdated for better price of course.
Steve "Joobs" annual salary remains at $1 per year (though he does get bonuses and other executive perks).