Google Owners Take $1 Salary Once Again

Google Owners Take $1 Salary Once Again

Google founders, Larry Page and Sergey Brin along with the Google CEO Eric Schmidt, have renewed their contracts again at only $1 per year salary opting instead to just continue holding their shares.

Falling stock prices has wiped $8.5 Billion off their total net worth but it is reported that they are not phased, as they still have more money than any one person could spend and a belief in the fact that Google’s correlation to the stock market is still very minor.

Apple CEO, Steve Jobs, also receives a similar setup. I’m guessing their would be significant tax advantages of doing such a thing? Does anyone know?

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We’ve been in the digital marketing field for over 18 years and worked with hundreds of Australian (and international) businesses to grow their web presence. Specialising in SEO, search ads (PPC), social media, content marketing, email marketing and conversion rate optimisation.
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We’ve been in the digital marketing field for over 18 years and worked with hundreds of Australian (and international) businesses to grow their web presence. Specialising in SEO, search ads (PPC), social media, content marketing, email marketing and conversion rate optimisation.

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