Internet News Article Reuters.com
SAN FRANCISCO (Reuters) - Top executives of Google Inc. have once again agreed to be paid annual salaries of $1 each in 2006, counting instead on stock options and grants of the company's volatile stock for their pay.
In a regulatory filing on Monday with the U.S. Securities and Exchange Commission, the Web search leader said it had approved a base salary of $1 for Chairman and CEO Eric Schmidt and its two co-founders and co-presidents, Larry Page and Sergey Brin.
The three were paid $1 a piece in salary during 2005.
The action -- which was approved by Google last Tuesday but only disclosed this week -- occurred ahead of the 14 percent decline in the company's stock price last week amid investor concerns over the Internet sector's growth outlook and revelation of a legal spat with the U.S. Justice Department.
These guys are not your average people, which makes them very likeable in my book. They never cease to amaze me.
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