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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


As Google's executive chairman, Schmidt primarily deals with regulatory issues, government relationships and company acquisitions. The Mountain View, Calif., company thought Schmidt did such a good job last year that he received his maximum cash bonus of $6 million to supplement his $1.25 million salary.

None of the other Google executives listed in the proxy statement qualified for their maximum bonuses last year.

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