News Business Another year, another $1 for google co-founders

Another year, another $1 for google co-founders

San Francisco: Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt's compensation more than doubled to $19.3 million.Most of Schmidt's raise stemmed from stock grants

Schmidt, 58, has accumulated wealth estimated at $9 billion by Forbes magazine. He also limited his salary to $1 annually while he was CEO.

The pay scale has changed dramatically since Schmidt turned over the CEO's job to Page three years ago. In 2011, Schmidt received compensation valued at $101 million, with most of the money tied up in restricted stock designed to keep him working at Google. Last month, Google disclosed that Schmidt is receiving another stock award valued at $100 million this year.

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