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!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
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


James Cook University - Master of Data Science Online Course

Learn more >


Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >



Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

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.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

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?