Google founders Sergey Brin and Larry Page each opted to take a $1 salary for 2007, folling a trend started by the founders and CEO Eric Schmidt. This comes after both founders lost about $8.5 billion each in wealth / value as Google stocks have taken a dip recently.
Google stock taps in at about $450 a share now, after it had reached a height of $747.24 in November of 2007.
It’s nice to see CEO’s and founders taking a $1 paycheck, especially since Google probably covers the majority of their day to day expenses. Brin and PAge are both currently worth around $13 billion each, so the dip in salaries makes for good publicity, but these guys won’t be going to sleep hungry anytime soon.
Wonder if Google stocks will rise as a result of them NOW including VIDEO ads in Adwords
It just debuted today – it certainly can’t hurt the stock
Perhaps they could sack the Google Concierge and just search online instead.
Or turn a few lights off in their restaurants and use the Gyms to generate electricity for their data centres.
That might save a few quid ;-)
Paul
Not sure if we should be congratulating CEO’s for taking $1 salaries for a year. The real numbers, with options is usually much higher. Not that I’m jealous, but I wish I was in their position and claim that I am taking a $1 a year salary.
So if anyone at Google is handing out stock options…
This is too funny, it kinda like smacking people in the face…..”OOOOO look at me, im rich, I will take a $1 pay check for a year”….It would of been cool if they gave their paycheck to random employee’s for the entire year!