4/1/2006

Google CEO, co-founders stick to $1 salary in 2006

Filed under: — By Aviran Mordo @ 3:04 pm

Google Inc. co-founders and its chief executive will continue to receive $1 each in annual salary and forego bonuses in 2006, while holding shares potentially worth billions of dollars in the Web search leader, according to regulatory filings on Friday.

CEO Eric Schmidt and co-founders Sergey Brin and Larry Page set the $1 annual salary for 2005 and decided to continue the policy in 2006, Google said in its shareholder proxy statement filed with the U.S. Securities and Exchange Commission.

Schmidt and Page earned bonuses of $1,630 in 2005, while Brin earned $1,723.

Source: Reuters

 

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