Execs At Google & Yahoo Stay On $1 Salary PA

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 […]

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.

Continue to read full article....

Google, Yahoo!, Salary