Tuesday, March 06, 2007

Google billionaires remain on $1 salary

That's for the 3rd year in a row. Not only does it saves the company a few dollars, but it adds to their massive pile of PR releases....
Google Chief Executive Eric Schmidt and co-founders Larry Page and Sergey Brin have limited their salaries to a $1. It's a sacrifice that they can afford because they have gotten rich off their large stakes in Google, whose stock price has more than quintupled from its initial offering price of $85 in August 2004.

Page and Brin are each worth about $14 billion while Schmidt's fortune stands at $5 billion, according to Forbes magazine's annual ranking of the nation's wealthiest people.

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