Yes and it was 1) incredibly notable, 2) 13 years ago, 3) in another country, and 4) following one of their worst performing products ever. Iwata's (maybe voluntary) temporary pay cut was big news because of how exceptional it was.
Yes and it was 1) incredibly notable, 2) 13 years ago, 3) in another country, and 4) following one of their worst performing products ever. Iwata's (maybe voluntary) temporary pay cut was big news because of how exceptional it was.
I was giving you a name, given you said you cannot name one. I do not disagree it is an exception
“Few CEO’s in the US” was the context just for clarity
Ryan Cohen doesn’t even take a salary. I guess that’s extremely notable then?
As of a few months ago yes he does not take a salary anymore and he has actual skin in the game that could pay off in the tens of billions.
Taking $0 is unusual but not unheard of (Musk I think does this too) and it’s very common for CEO’s to make $1mill (or even less) and have like…80%+ of their compensation tied to performance metrics/stock options. There are a lot of caveats to saying “he takes no salary.”
It sounds nice on paper but he isn’t really doing something revolutionary here. He also has rather ambitious numbers to hit if what I’m reading is accurate, so it makes sense he’s taking massive swings like this. We’ll see if it happens, let alone pays off.