Tuesday, March 06, 2007

I think they can afford the only earning one dollar a year salary...

At first you might be tempted to feel sorry for Eric Schmidt, Larry Page and Sergey Brin when you read the headline that states, Google CEO, co-founders stick with $1 salary. Until you read a bit further and discover that these guys are still sitting fairly well despite it all:

As of last year's proxy, Larry Page owned 32.1 million shares of the company, worth about $14.2 billion at today's closing price. Sergey Brin held 31.6 million shares valued at $13.9 billion.

Schmidt held 12.5 million shares worth $5.5 billion.


I can't help wondering if they actually get the dollar in one lump sum as cash, or a check or if they get paid out pennies every week...

:-)

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