Google Founders Take $1 Salaries Again; Tell Investors To Say No On Anti-Censorship Proposal

Google founders: $1 salaries, $13B in stock from CNN Money reports Google’s founders Larry Page and Sergey Brin, along with CEO Eric Schmidt, renewed their contracts again at a $1 per year salary, in 2007. You would think that with the falling stock price, the founders might want some extra cash? But the $8.5 billion drop in the value of the stock they each own did not change their minds on the salary. Don’t worry, their stock holdings combined are currently valued at about $13 billion.

In related stock news, Google To Holders: Vote No On Anti-Censorship Proposal from Barron’s Online reports Google asked their stockholders to vote down a policy to prevent censorship of the Internet.

Schmidt also received $480,561 in 2007, “including $478,662 in expenses incurred by Google mostly for Schmidt’s personal security. His total compensation was down 14% from 2006, when his personal security costs were higher,” reported CNN Money. Schmidt’s stock value is now worth about $4.3 billion, down from about $9 billion.

Google’s Kordestani Gets $32.7 Million Option from the Wall Street Journal adds that Google’s senior vice president of global sales and business development, Omid Kordestani, exercised 60,000 shares earning $32.7 million. Alan Eustace, senior vice president of engineering and research, received $10.4 million from options to acquire 19,590 shares.

Related Topics: Channel: Industry | Google: Business Issues | Google: Employees


About The Author: is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here.

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