Which CEO makes $1 a year?
Which CEO makes $1 a year? 1. Larry Ellison, Co-Founder and CEO of Oracle. Since 2009, Larry Ellison's salary has amounted to just $1 a year. But, don't feel too bad for the guy—he's also the fifth richest person in the world with a net worth of $43 billion.
Why CEOs are overpaid?
The salary of CEOs may seem exorbitant because of the steep competitive talent market of executives. This economic rationale is hinged on the interplay of demand and supply for competitive talent of CEOs. Large corporations compete for highly experienced CEOs with a track record to run their companies well.