Musk's not the only top executive declining pay. Taking only $1 in compensation has become something of a point of pride in Silicon Valley.
"The dollar salary really for them is meant to signify that they have large stakes in their company. The value they're going to receive — the compensation they'll earn — is coming solely from their stock," Aaron Boyd, director of governance for Equilar, a company that researches executive compensation, explains to Forbes.
"You're not going to question whether or not Larry Page is interested in growing a company's stock as a shareholder. As one of the largest shareholders, he's all in."
Here are nine other CEOs — and one U.S. president — who are making salaries of $50,000 or less.