Gossip Friday: Compounded Salary
From September 1936:
Everyone thought Clark Gable was clowning when he remarked that he would like to sign a contract for twenty-eight days, starting with two cents a day. Each day’s salary to be multiplied by itself. In other words, the first day he would make two cents. The second day four cents. Believe it or not, by the end of twenty-eight days, it runs up in the millions. If you don’t believe Clark, get out your paper and pencil and start figuring.