Google top trio execs take home USD 1 salary in 2008

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Internet search giant Google Inc’s top three executives co-founders Larry Page, Sergey Brin and chief executive Eric Schmidt have voluntarily taken only one dollar in salaries last year. A latest filing by the company to the US regulator Securities and Exchange Commission stated, “Eric, Larry and Sergey have voluntarily elected to receive only nominal cash compensation. Their primary compensation continues to come from returns on their ownership stakes in Google.” Consequently, the company’s top executives Schmidt, Page and Brin do not receive any salary or plan-based bonus other than one dollar per year, proxy statement filed by Google stated.Read More