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Leadership

These two S&P 500 CEOs have smaller paychecks than you

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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April 13, 2015, 12:50 PM ET
John Mackey
Whole Foods CEO John Mackey. (AP Photo/Austin American-Statesman, Jay Janner) Photograph by Jay Janner — AP

Two CEOs of huge companies make just $1 per year, though neither are at risk of going broke any time soon.

Richard Kinder, CEO of energy company Kinder Morgan, and John Mackey, co-CEO of Whole Foods, both make just $1 per year, according to USA Today. And that’s it. Neither got any bonus, stock options or other cleverly hidden bits of pay last year. Both really only make $1 per year from their paycheck.

Well, kind of.

Kinder does own 245 million shares of his company, meaning he pulls in some $400 million in dividends annually. Mackey holds some Whole Foods stock himself, though he swore off paychecks larger than $1 way back in 2007. However, his co-CEO compatriot Walter Robb made $2.7 million last year—so maybe he can spring for dinner sometimes.

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