Digital Media

 

Google executives still draw $1 salary

 

LONDON - Google's top three executives, co-founders Larry Page, Sergey Brin and chief executive Eric Schmidt, again voluntarily took only one dollar in salaries last year.

Eric Schmidt: Google chief executive draws a $1 annual salary
Eric Schmidt: Google chief executive draws a $1 annual salary

The disclosure, revealed in a regulatory filing in the US, comes as the internet search giant shows signs that its appetite for acquisitions could be on the wane.

Google has not announced an acquisition in the past six months, despite recent links to it circling social networking company Twitter and Expedia, the online travel agency.

Prior to this, Google had made dozens of deals, including its purchase of advertising giant DoubleClick for $3.1bn (£2.12m) in 2008.

However, Schmidt admitted that Google was not active on the acquisition front.

The disclosure of the executive trio's salaries follows their commitment to retain $1 salaries since Google went public in 2004.

The trio are Google's largest shareholders with around 29 million shares each, a holding that has made them multimillionaires as the company's share price soared between 2004 and 2007.

X

You must log in to use Clip & Save

 
 

All Comments

There are currently no comments.

 
 

To post comments please log in here

 
 

Jobs

 

News By Email

You can sign up for our bulletins. Select bulletins you are interested in, enter your email adress an click the button below

Preview
Preview
Preview