Google founders, CEO keep $US1 salaries

The co-founders and head of Google will each be paid salaries of just US$1.00 this year, not even a slight raise from their salaries last year.

The co-founders and chief executive of Google will each be paid salaries of just $US1 this year, the same as their salaries last year, according to a company filing to market regulators on Monday.

Eric Schmidt, Google's chief executive officer, Sergey Brin, the popular search engine providers president of technology, and Larry Page, its president of products, will each be paid salaries of $US1 for their work in 2005 and 2006, according to a filing to the U.S. Securities and Exchange Commission.

The three executives will probably find a way to make ends meet despite the tiny salaries. Brin and Page were both listed among a tie for 55th place on Forbes' list of the world's richest people last year, at $US7.2 billion each, due largely to their holdings of Google stock.

Eric Schmidt ranked far lower on the list, at number 210, with just $US2.8 billion, according to Forbes.

Google's stock, which is listed on the U.S. Nasdaq market, rose 7 percent on Monday to $US427.50, the hottest stock market story of the past two years. The ticker has more than doubled since the beginning of last year.

Other Google executives will be paid far higher salaries this year. David Drummond, Omid Kordestani, George Reyes, and Shona Brown all received raises to $US250,000 this year, up from $US175,000 last year, according to Google's filing. The four are all senior vice presidents.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dan Nystedt

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?