Google's Brin and Page only earn $1 a year

Posted on Monday, April 11 2005 @ 20:21 CEST by Thomas De Maesschalck
Ever wondered what the salary of Google's founders Larry Page and Sergey Brin is? Well don't be surprised, just like Steve Jobs at Apple they only get $1 a year. Both took a serious cut in pay, in 2004 they each received a salary of $43,750 plus a bonus of $1,556.

Google's CEO Eric Schmidt on the other hand earned $81,432 in 2004 - only a third of his 2003 salary - and a bonus of $1,566. But all of them are far from being poor:
In the second quarter of 2004, Schmidt, Page and Brin requested that their salaries each be slashed to $1 per year. They will continue to be paid $1 in 2005, as per their request, despite a recommendation by the board to boost their pay.

But Schmidt, Brin and Page each have sold Class B shares potentially worth hundreds of millions of dollars since the Web search leader went public and its stock briefly zoomed above $216 from $85 a share. On Friday, it closed at $192.05 on the Nasdaq.
More information at Reuters

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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