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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

India TV News Desk Updated on: March 30, 2014 22:06 IST


Most of Schmidt's raise stemmed from stock grants valued at $11.4 million. Google issued them to make up for an administrative error in the handling of another large award given to Schmidt in February 2011, according to regulatory documents filed Friday.

If not for the mix-up, Schmidt's pay package last year would have risen 4 percent from the $7.6 million that he got in 2012.

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