Thursday, April 5, 2007

Google Co-Founders and CEO Each Received a Salary of $1 in 2006

Larry Page, Sergey Brin, and Eric Schmidt each drew a salary last year of $1. At first one might feel bad for the three executives; although each of them made up for their small salaries via the large stakes they own in the company.
Page and Brin shared the 26th position on the Forbes U.S. billionaire list published last March. According to Forbes, both Page and Brin are each worth $16.6 billion.
Schmidt currently owns 10,096 of Google's Class A shares and 10.7 million of its Class B shares. At the end of 2006, those securities were worth nearly $4.9 billion.