Sentence examples for token salary from inspiring English sources
Both officials forgo their token salary of $20 a month.
Major Arena, who is paid a token salary, spends weekday mornings grooming and caring for the horses, which are donated.
Vikram Pandit, chief executive of Citigroup, was paid $128,751 in 2009 and a token salary of $1 in 2010 after making $38.2 million in 2008.
Other companies, including Morgan Stanley, are set to take advantage of the scheme to boost capital.AIG said it would freeze the pay of its seven most senior executives, and that its chief executive would receive a token salary of $1.
Mr. Jobs's options for Apple's common stock were awarded at last week's closing price of $98.99, but he will continue to receive a token salary of just $1 a year.
Even figures already known, like Mr. Bloomberg's token salary (he said in his autobiography that he takes in salary only what the company's lowest-paid employee receives), were divulged yesterday only in general terms.
Yet some companies that pay their CEOs token salaries still compensate them in other ways.
On the flip side, some chief executives have consistently taken token salaries — sometimes, $1 — choosing instead to rely on their ownership stakes for wealth.
Can these dynamic, committed visionaries be replaced, especially now that arts professionals expect more than the token salaries that most of these founders earn?
He even followed Mr. Bloomberg's example by accepting a token annual salary of $1.
The pair earn a token $1 salary each last year and did not take a bonus.
