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Google Execs Happy With $1 Salaries
DarkClown writes "ZDNet is on the one hand reporting that Google execs will keep their $1 salaries again this year, and on the other hand is reporting that the executives cashed in more than $160 million worth of stock last month." From the stock article: "Since the search giant went public in August 2004, Brin has sold about 6.5 million shares at a market value of $1.68 billion. Page has sold about 5.8 million shares at a market value of $1.4 billion, according to calculations from Thomson Financial. Chief Executive Eric Schmidt, who was brought in to run the company before it went public, has sold more than 2.1 million shares, worth more than $502 million." They could be getting a multi-million dollar salary *and* the stock money. Good faith efforts go a long way in my book.
"But can we really say it's some amazing piece of good faith that they settled ONLY for 1.4 billion dollars in salary for the year?"
If I had mod points I'd mod you flamebait on this one.
They took one dollar for salary, not $1.4B. Their compensation was large, yes, but it was not a salary. If Google had tanked they would have made far less. What they've effectively done is told their employees: We care about the company because if it makes no money nor will we.
-nB
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Oh noo.... couldn't do that, Belgium is where it all started in Antwerp in 1460, the first stock exchange was started there... to benefit evil big business, as well as all those too lazy to work for their money.