Google top trio execs take home USD 1 salary in 2008

Share post:

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

Austin K
Austin Khttps://www.megri.com/
I'm Austin K., a passionate writer exploring the world of News, Technology, and Travel. My curiosity drives me to delve into the latest headlines, the cutting-edge advancements in tech, and the most breathtaking travel destinations. And yes, you'll often find me with a Starbucks in hand, fueling my adventures through the written word

Related articles

The Evolution of Network Security: Firewalls in the Modern Digital Landscape

Key Takeaways: Firewalls are critical components of cybersecurity, acting as gatekeepers for network traffic. The technology behind firewalls...

Mary Joan Martelly, the Woman Behind the Boxer

Mary Joan Martelly is arguably best known as the wife of boxing legend George Foreman. As Foreman grew...

Sustainable Practices in Home Appliance Disposal

Key Takeaways: Importance of eco-friendly disposal and recycling of home appliances. Impact of legislation and policies on sustainable...

Understanding the Legalities of Crowdfunding for Your Startup

Embarking on a business venture is both thrilling and demanding. Many aspiring entrepreneurs opt for crowdfunding as a...