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

Posted on Monday, April 11 2005 @ 20:21:26 CEST by


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



 



 

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