Avast CEO Ondrej Vlcek opts to receive nominal $1 salary
Cybersecurity boss Ondrej Vlcek has joined Mark Zuckerberg, Elon Musk and other high-profile executives in waiving his pay cheque—but is it a meaningful gesture or just the latest tech trend?
Image: Andrey Lobachev/Shutterstock
At a time when public discussion of the business world is often dominated by debate about excessive executive pay, along comes a CEO who volunteers to take just $1 in salary. Is it generous, altruistic or smart politics?
This week Ondrej Vlcek, newly appointed chief executive of Avast, the Czech cybersecurity company listed on the London Stock Exchange with a market cap of £3bn, revealed he would take a nominal salary of a single US dollar each year.
And that despite the company’s annual report revealing that Vlcek, until recently president of the company’s consumer division, was due to take a hefty pay package. Indeed it says Vlce
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