Monday, February 19, 2007

whole foods ceo to work for just $1 a year, forever

reported in the feb. issue of fast company: last november the ceo of whole foods sent a letter to his employees explaining that he was raising the salary of his execs, but lowering his to $1 a year with no further compansation, as he's made more money in his life than he needs. he also indicated that the company would be scaling back growth. stock promptly dropped 23%.