Google Founders Cut Salaries to $1

Posted by Zonk on Friday April 8, 2005 @11:55PM from the good-and-evil dept.

GeneralCern writes "MSNBC Reports that Google founders Larry Page and Sergey Brin, and CEO Eric Schmidt all slashed their salaries to $1 last year. Since you do not have to pay FICA, Medicare, or income taxes on the capital gains associated with stock sales, they stand to substantially decrease their tax burden. Is this a breach of the company's "do no evil" mission statement, or just an example of people who love their jobs so much they don't need to be paid to go to work?" Update: 04/09 13:11 GMT by H :And don't trust the above tax lines; it all depends on how sales are done; moreover when you are worth X amount with stock, I suspect the "tax burden" of what is, relatively speaking, a salary that's small compared to networth isn't a substantial impact. Sorry folks; poor story.

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Minimum wage? by bcmm · 2005-04-08 23:57 · Score: 5, Interesting

Does the US have a minumum wage?

Can you get done for underpaying yourself, or does the wronged party have to complain to start legal action?

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# cat /dev/mem | strings | grep -i llama
Damn, my RAM is full of llamas.
What is Slashdot now? by BristolCream · 2005-04-09 00:01 · Score: 5, Interesting

It's neither a breech of "do no evil" nor an example of their love of work... it's a legitimate way of avoiding paying tax which is standard practice for business leaders everywhere.

Total non-story; yet completely on message for the nonsense that Slashdot has decended into over the past few years. News for nerds? Barely. A barrage of pointless bollocks? Definitely.