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article imageGoogle's top execs still working for $1 yearly salary

By John Auriada     Mar 25, 2009 in Internet
If your salary is on the minimum, don't worry, it is not the lowest. Google is only paying its top three executives $1 per year.
In 2006 it was reported that Google paid its top three executives a salary of just $1. Continuing with that trend, Google's top three executives, co-founders Larry Page and Sergey Brin will take home $1 per year along with CEO Eric Schmidt.
If you think that's cruel, think again. These executives are not your ordinary employees: They run one of the most successful businesses in the world.
The idea of paying the top three executives a mere $1 came about before Google planned to offer an Initial public offering (IPO), common stock or shares to the public. Prior to 2004, Schmidt was making $250,000 USD per year, and Page and Brin each earned a salary of $150,000 USD.
In 2006, it was reported that the combined share value of the three execs totalled $31 billion. In 2007, Forbes reported that Brin and Page were tied for the No. 5 spot on America's list of billionaires (each having a net worth of about $18.5 billion USD)
In 2008, Page and Brin were in the No. 13 and No. 14 spot on the Forbes 400 Richest Americans list.
More about Google, Executives, Salary, Dollar, Larry page
 
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