homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

March 6, 2007

Google CEO gets $1 salary for third year

MOUNTAIN VIEW, Calif. (AP) — The three billionaires who run online search leader Google Inc. will settle for a $1 salary again this year while four other top executives will receive raises of $200,000 apiece, according to documents filed Monday.

It marks the third consecutive year that Google Chief Executive Eric Schmidt and co-founders Larry Page and Sergey Brin have limited their salaries to a $1. It's a sacrifice that they can afford because they have gotten rich off their large stakes in Google, whose stock price has more than quintupled from its initial offering price of $85 in August 2004.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.