Google
Larry Page, Sergey Brin and Eric Schmidt earned salaries of just $1 last year

Google owners pocket just $1 pay packet

But value of shares increases fivefold since 2004 flotation

Written by Matt Chapman

Google founders Larry Page and Sergey Brin and the company's chief executive Eric Schmidt earned salaries of just $1 last year. 

This compares with some other Google executives who earned salaries in excess of $2m.

It is the third year in a row that the company heads have taken basic salaries, although the value of their shares is now five times more than when the company was floated in 2004.

Page and Brin are thought to be worth $14bn each, while Schmidt has be granted shares valued at around $5bn since joining the firm in 2001.

The "triumvirate", as they are referred to in the documents, claimed holiday bonuses of $1,723 each in 2006.

Page also pocketed further bonuses worth a total of $38,519, while Schmidt claimed more than $500,000 to pay for travel and personal security.

The information about the trio's salaries was contained in documents filed with the US Securities and Exchange Commission.

Tags:

Further reading

Google Desktop goes Mac

Search platform ported to OS X   More...

Google launches TV ads platform

Pay-per-view ad system similar to AdWords   More...

PC Tools joins the Google Pack

Spyware Doctor added to 'essential software collection'   More...

Google scrambles to fix Katrina map flap

Search giant accused of 'airbrushing history'   More...

Related articles

Google founders in 20-year pact

Brin, Page and Schmidt pledged two-decade working relationship in 2004   More...

Sergey Brin books trip to space

Google co-founder makes $5m down payment   More...

Google hints at ad partnership with Yahoo

Rubbing in a little salt ...   More...

Gates tops Forbes rich list again

$1bn no longer enough to be one of the top 400 richest Americans   More...

Do you agree?

Advertisement

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Watch

25 Jul 2008

7.85 MBPodcast Special: Views from the Valley More...

24 Jul 2008

3.68 MBSpammer jailed, Esquire e-cover, and network passwords More...

23 Jul 2008

2.99 MBSmall time security, official 'spying' requests and a spammer jail break More...

Poll

EUROPEAN E-COMMERCE

EUROPEAN E-COMMERCE

Are you happy making an online purchase from another European country?

Previous poll results

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Spotlight

Credit card transaction

Credit card fraud rampant in the UK

Attempted frauds go unreported and ignored, analysts claim   More...

Intel

Intel rolls out new embedded line-up

System-on-a-chip offerings promise footprint and power saving   More...

Advertisement

Network cables

Tech giants collaborate on wireless HD

Another attempt at cable-free transmission in the home   More...

iPhone fever fills AT&T coffers

US provider cashes in on Apple smartphone   More...

Advertisement