-- Google Finance, Govt, Policy and Business Issues
---- Google CEO, Co-Founders Get $1 Salary Last Year
engine - 4:31 pm on Apr 4, 2007 (gmt 0)
The three executives who run Google Inc. each drew a salary last year of $1. But Chief Executive Eric Schmidt and co-founders Larry Page and Sergey Brin more than made up for it in the large stakes they own in the online search leader, which has made them billionaires.
Besides his $1 salary, Schmidt, who was No. 116 on Forbes magazine's most recent ranking of American billionaires, received a bonus of $1,723 and "other compensation" valued at $555,742, according to a proxy statement filed with the Securities and Exchange Commission on Wednesday. The bulk of that other compensation, $532,755, was for personal security.