Google & Yahoo Execs Stay On $1 Salary

There is this theme in the technology world where high-profile executives get an annual salary of $1. Apple’s Steve Jobs has been earning one dollar for years. Google’s CEO Eric Schmidt and co-founders Larry Page and Sergey Brin earn $1 each, as well. Even, Yahoo’s CEO Terry Semel makes a whopping $1 per year. But don’t feel bad for Schmidt, Page, Brin or Semel, they are all doing pretty well. Google’s stock has quintupled since the IPO and Schmidt, Page and Brin are incredibly wealthy from it. Poor Terry Semel, the stock of Yahoo is not what it once was, so he must be doing poorly, right? Nope, he received a $25.7 million bonus in 2006, technically earning 80% of what he possibly could of earned, as reported at MarketWatch.com.

But not everyone earns $1. AdAge reports that four top Google executives each received a $250,000 raise, raising their salary to $450,000 each. Plus they shared a bonus of $829,912 in 2006. The four Google executives are:

  • Robert Eustace, senior vice president of engineering and research;
  • Omid Kordestani, senior vice president of global sales and business development;
  • Jonathan Rosenberg, senior vice president of product management; and
  • George Reyes, the company’s chief financial officer.

Related Topics: Channel: Industry | Google: Employees | Yahoo: Employees

Sponsored


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.

Connect with the author via: Email | Twitter | Google+ | LinkedIn



SearchCap:

Get all the top search stories emailed daily!  

Share

Other ways to share:
 

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. Comments may also be removed if they are posted from anonymous accounts. You can read more about our comments policy here.
  • mstoddart

    The concept of a $1 annual salary is very amusing to me. Do they do this to make themselves appear to be working for free or something? Is there some giant tax benefit here? Does it really please the shareholders to see execs making $1 a year in their annual reports? HAA!! Great post, Barry!

  • http://www.globalwarming-awareness2007online.com NunoH

    $1 a year… please… this is clearly PR stunts that fail to impress the stockholders…

  • http://www.dlperry.com DLPerry

    It’s all in the wording. That’s $1 “Annual Salary”. You can rest assured it doesn’t include ‘Bonuses’ ‘Non-Salary’ items, and all those other nice ‘fringe’ benefits.
    But it is a nice gesture nonetheless. :)
    –dlp

  • http://www.seroundtable.com rustybrick

    I doubt they are fooling anyone, especially stock holders.

    It is just a tech/money thing.

Get Our News, Everywhere!

Daily Email:

Follow Search Engine Land on Twitter @sengineland Like Search Engine Land on Facebook Follow Search Engine Land on Google+ Get the Search Engine Land Feed Connect with Search Engine Land on LinkedIn Check out our Tumblr! See us on Pinterest

 
 

Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States

Europe

Australia & China

Learn more about: SMX | MarTech


Free Daily Search News Recap!

SearchCap is a once-per-day newsletter update - sign up below and get the news delivered to you!

 


 

Search Engine Land Periodic Table of SEO Success Factors

Get Your Copy
Read The Full SEO Guide