Reply #15: In US law, a conflict of interest is allowed in terms of CEOs and chairmen of the board. [View All]

[Selatius]

If you are a CEO and also chairmen of the board, you are allowed to name or suggest names to the compensation committee that determines pay and wages at the company. This is how you can pay yourself.

Also, even if you are just CEO and not chairmen of the board, typically you are friends with people on the board of directors and hang out with them outside of work. This is a rather typical situation, and it's fairly common for a person who sits on the board of directors to sit on the boards of several other companies (provided they don't directly sit on the board of a rival competitor in the same market, that's illegal). If they are your friends, they are more open to your suggestions as far as people being appointed to the compensation committee. This is another way to pay yourself.