Can minimum wage law say anything about Larry Page’s 1 dollar annual salary?

Google's founders Larry Page and Sergey Brin earned salaries of just $1 a year.

I am curious whether this contract violates the minimum wage law? :-)

The $1 wage of Google's $14bn founding fathers (From the Guardian newspaper)

Google's founders Larry Page and Sergey Brin earned salaries of just $1 (50p) last year, documents have revealed.
The pair, who built up the internet giant from their dorm room at Stanford University in the late 1990s, drew only nominal wages from the company in 2006. Statements filed with the US securities and exchange commission show that Google's chief executive, Eric Schmidt, also took a salary of just $1.
It is the third year in a row that the trio have taken basic salaries. Their bank managers will be consoled, however, with the news that their shares are now worth five times more than when Google floated on the stock market two and a half years ago.