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:
GHANA: Interest rates left unchanged at end-March MPC meeting, but prospect of single-digit inflation could see further easing soon; GDP growth outlook still improving
Apr 07, 2006; Although the Bank of Ghana still sees single-digit inflation by the end of 2006, the end-March MPC meeting opted to leave its...