Google reveals exec salary deal
The BBC Online
Search engine giant Google only paid its three executives salaries of $1 (50p) in 2006, accounts show.
But chief executive Eric Schmidt and co-founders Larry Page and Sergey Brin saw their combined Google shares worth $31.5bn by the end of the year.
Mr Schmidt's "other compensation", was $555,742 while Mr Page's hit $36,795. For both men, much of this went towards personal security.
One perk was Mr Schmidt's corporate jet, available for certain executives.
Strong shares
Of Mr Schmidt's "other compensation", over 95% - $532,755 - was for personal security.
All three executives saw bonuses of $1,723, but Mr Brin, president of technology, did not receive "other compensation".
However, his shares in Google were worth $13.2bn, while Mr Page had shares totalling £13.4bn and Mr Schmidt's were worth $4.9bn by year end.
Since listing in August 2004 shares in the internet giant have risen from $85 to $460.48 last year.
While the three men's salaries were only a $1 apiece, this was not the case for other employees in key positions.
Four vice presidents - George Reyes, Shona Brown, David Drummond and Jonathan Rosenberg - all saw salaries of $250,000 last year.
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Published: 2007/04/04 19:47:35 GMT
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