Google Execs earn a salary of $1.

Posted by admin on Jan 24, 2006 in Asides | 0 comments

Slashdot wrote: “ZDNet is on the one hand reporting that Google execs will keep their $1 salaries again this year, and on the other hand is reporting that the executives cashed in more than $160 million worth of stock last month.” From the stock article: “Since the search giant went public in August 2004, Brin has sold about 6.5 million shares at a market value of $1.68 billion. Page has sold about 5.8 million shares at a market value of $1.4 billion, according to calculations from Thomson Financial. Chief Executive Eric Schmidt, who was brought in to run the company before it went public, has sold more than 2.1 million shares, worth more than $502 million.” They could be getting a multi-million dollar salary *and* the stock money.

http://slashdot.org

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  1. abstrakONE - I like my pockets fat not flat - was brought in to run the company before it went public, has sold more than 2.1 million shares, worth more ...