By Owen Thomas, 3:40 PM on Fri Mar 28 2008, 1,676 views (Edit, to draft, Top, Slurp)

Copy this whole post to another site

Slurp cancel

select site advertising consumerist deadspin defamer fleshbot gay fleshbot gawker gizmodo idolator io9 jalopnik jezebel kotaku lifehacker valleywag artists gawkershop

Disgraced stock analyst Henry Blodget has found a new reason to fawn over the Valley's billionaires: Jerry Yang, Steve Jobs, and Larry and Sergey pay themselves $1 salaries. Hank, haven't you heard that there's a crisis in Social Security? The $1 salary is the perfect combination of tax dodge and publicity stunt. Jerry, Steve, and the Google boys pay 6 cents of their buck towards Social Security, and a penny for Medicare. Those taxes aren't charged on investment income — the kind generated when a founder sells his shares. "It would be nice if we started to see the same gesture from chief executives in the rest of corporate America," writes Blodget. Sure, if you want to make sure the rest of us get nothing when we retire.