In the first quarter of 2012, our compensation committee discussed and approved a request by our CEO to reduce his base salary to $1 per year, effective January 1, 2013. Cash Bonuses. Our 2012 Bonus/Retention Plan (Bonus Plan) provides variable cash incentives, payable semi-annually, that are designed to motivate our executive officers to focus on company-wide priorities and to reward them for individual results and achievements. All of our executive officers participated in the Bonus Plan in 2012. Our CEO will not receive a bonus under the 2013 Bonus/Retention Plan.
Below is a list of people who have joined the 1-Dollar-Salary Club (List provided from Wikipedia) Michael Bloomberg (Mayor of New York City) Sergey Brin (Google) Larry Ellison (Oracle Corporation) Darren Entwistle (TELUS) Richard Fairbank (Capital One Financial) Lee Iacocca (Chrysler Corporation) Steve Jobs (Apple), also did not take any alternative form of compensation (stock options, bonus, etc.) from 2003 until his death Richard Kinder (Kinder Morgan), also does not take any alternative form of compensation (stock options, bonus, etc.) James Li (Syntax-Brillian) John Mackey (Whole Foods Market), who also does not take any alternative form of compensation (stock options, bonus, etc.) Joseph Marinaccio (Slam Content) Larry Page (Google) Vikram Pandit (Citigroup) Mark Pincus (Zynga) Richard Riordan (Mayor of Los Angeles) Eric Schmidt (Google) Henry Samueli (Broadcom Corporation) Arnold Schwarzenegger (former Governor of California) Terry Semel (Yahoo!) Pantas Sutardja (Marvell Technology Group) Sehat Sutardja (Marvell Technology Group) Meg Whitman (Hewlett-Packard) Jerry Yang (Yahoo!) Mark Zuckerberg (Facebook) Source