Dollar-a-year CEOs: In pictures
The dollar-a-year concept started in the US during World War I when people worked voluntarily for the government to help it tide over that crisis. This trend percolated to corporate culture with corner room biggies settling for $1 annual salary (Re 1 in Indian context)
Lawrence Joseph ‘Larry’ Ellison – Oracle Corporation: An American business magnate, Larry is the co-founder and chief executive of Oracle Corporation. He is the sixth-wealthiest man in the world with an estimated wealth of $34 billion.