Google Executives: $1 Salary

This article on CNET states:

Wall Street executives feeling harassed by taxpayers outraged at their pay might take note of how Google‘s ruling triumvirate fared in 2008: $1 in salary each, no bonus, no stock grants, and no stock options.

Google has offered co-founders Larry Page and Sergey Brin and Chief Executive Eric Schmidt “market-competitive” salaries every year since 2005, but once again in 2008, the three turned it down, according to a company regulatory filing Tuesday.

It’s cool in my opinion that these guys aren’t guzzling millions of dollars a year like other Wall Street execs.  Though don’t let it fool these guys fool you, they still are LOHOHOADED.  The article later states:

Of course, Page, Brin, and Schmidt are certainly not paupers. The 29,148,614 shares of Google’s Class B common stock Page held at the end of 2008 are worth $10.1 billion at Tuesday’s closing price of $347.17; Brin’s 28,611,862 shares are worth $9.9 billion, and Schmidt’s 9,372,740 shares are worth $3.3 billion.

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