9 top executives with $1 salaries

CEO Meg Whitman makes just a $1 salary, but when stock, options, and other goodies are included, her total pay last year was a hefty $15 million. Contrast that with, say, Whole Foods' John Mackey: His total pay was just over $69,000.

Richard Hayne, Urban Outfitters

one million salary richard hayne
  • Title: CEO
  • Salary: $1
  • Bonus: $5,000
  • Stock, options, other pay: $28,272
  • Total pay: $33,273

Hayne cut his salary to $1 back in 2010. Most of his other pay comes in the form of auto and life insurance premiums Urban Outfitters covers.

If the retailer had met its 2012 sales and profit targets, he could have also received a performance bonus as much as $500,000. Luckily his wife, Margaret, president of the firm's Free People brand, was paid more than $450,000 last year. Oh, and that their shares in the company as of January are worth more than a billion dollars.

Total compensation is calculated as the sum of base salary, discretionary and performance-based cash bonuses, the grant-date fair value of stock and option awards during the fiscal year, and other compensation like benefits and perks. Equilar, an executive compensation research firm, looked at top executives of companies with more than $1 billion in revenue that filed a proxy statement as of June 30, 2013. Pay data based on companies' fiscal year 2012.
See more on Richard Hayne from Equilar.
  @CNNMoney - Last updated August 06 2013 06:07 AM ET

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