Another Day, Another Dollar for Google Execs

06 April 2007

MOUNTAIN VIEW, California: Google's billionaire top executive was paid just $1 (€0.74; £0.51) last year, but it cost shareholders $532,755 to keep Eric Schmidt (pictured) safe from harm.

The web search titan's latest filing with the US Securities and Exchange Commission shows the ceo's 'personal security costs' made up the bulk of his remuneration - that and his 10.7 million shares, worth more than $5 billion.

Google's co-founders, Sergey Brin and Larry Page, earned the same token salary and $1,723 bonus as Schmidt, while Page pocketed an extra $36,795 for transportation, logistics and personal security. But the duo are able to make ends meet thanks to their stakes in the business - each worth £13bn-plus.

Since its 2004 IPO, Google shares have surged more than fivefold, a meteoric rise that has created more than $120bn in shareholder wealth.

Data sourced from New York Times; additional content by WARC staff