$1 salary for Google, Yahoo bigwigs

BUCK-LING DOWN: The decision marks the third consecutive year that Google's bigwigs have limited their salaries to $1.

Featured Blog

Rajdeep Sardesai

Television, for politicians with a vision

Featured Slideshows

Related Headlines

powered by

• Yahoo hints at Google tie-up | Why MSN wants Yahoo
• Google threat aside, MS-Yahoo would be a strong team
• Google logs on to Yahoo fray to thwart MSN deal

Keywords: Yahoo, Google

San Francisco: The three billionaire bosses of Google - Sergey Brin, Larry Page and Eric Schmidt - are to earn just $1 in salary this year, according to a filing with the Securities Exchange Commission.

Terry Semel, Yahoo's chief executive, will also earn a single dollar, though he took home a $25.7 million bonus last year in spite of a sharp drop in Yahoo's share price as it struggled to keep up with Google in the search advertising market.

The decision marks the third consecutive year that Schmidt, Google's Chief Executive, and co-founders Page and Brin have limited their salaries to $1 only.

They should be able to survive on that meagre amount though. According to Forbes Magazine, Brin and Pages' stakes in Google are worth $14 billion each, while Schmidt is worth about $5 billion.