6 CEOs Who Earned $1 a Year

Bangalore: The $1 concept is nothing new that has been recently introduced. It all started during the World War I when the U.S. citizens were asked to help the country during the crisis situations on a voluntary basis. But since the government couldn’t accept services without any remuneration, they worked on $1. Gradually the idea incorporated into the corporate industry. Chrysler’s Lee Iacocca was the first CEO to chuck his salary at a buck in 1978.

Recently Infosys founder Narayan Murthy and his top officials also joined the club taking Re 1 as their salary package. Read on to know few of the most famed CEOs Who Make $1 a year, listed by Forbes.

1. Larry Ellison, Oracle
Salary: $1

Larry Ellison, Co-founder and CEO Oracle is America's third richest man. Ellison, who has been little bit tightfisted in the charity department, is a changed man who pledged to give away 95 percent of his money to support good causes.

Larry’s name has always made to the billionaires living lavish lifestyles. Larry Ellison owned the world’s largest house, biggest yacht and world’s largest subwoofer.

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