single digit

List of single-digit salary earners

A single-digit salary earner is a person whose salary is less than 10 units of the currency in which he would customarily be compensated with salary, but who is compensated by the employer via other means such as shares.

This is done to either avoid taxation, or more commonly, as a symbol that single-digit salary earner has no personal gain from his work other than the gain he or she shares with shareholders. Lee Iacocca famously did so while reviving Chrysler.

Since most single-digit salary earners are also compensated by allocation of stock options critics suggest that the practice is nothing more than a publicity stunt .

The following people are currently listed as having single-digit salaries:

References and notes

Search another word or see single digiton Dictionary | Thesaurus |Spanish
Copyright © 2015, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature