John Mackey, Whole Foods - 9 top executives with $1 salaries - CNNMoney

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.

John Mackey, Whole Foods

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one million salary john mackey
  • Title: Co-CEO
  • Salary: $1
  • Stock, options, other pay: $69,018
  • Total pay: $69,019

More than six years ago, Mackey decided to cut his own salary to $1 and skip any future stock options or bonuses.

Watch: Why Whole Foods restricts executive pay

But he did exercise 24,000 of existing stock options last year, worth more than $500,000. He also racked up nearly $70,000 worth of paid time off. And like all full-timers at Whole Foods, he gets an employee discount card.

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 John Mackey from Equilar.
By Gabrielle Solomon and Lauren Gensler   @CNNMoney - Last updated August 06 2013 06:07 AM ET
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