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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.
In addition to the billions they are making from their stock, their $1 salaries also allow them to qualify for food stamps. Just another perk...
Unknown host pong.
So, do they divy their one dollar up into bimonthly pay checks?
Or to be more truthful-- another day another 0.0027378507871321013004791238877481 cents
Aren't they supposed to be paid minimum wage?
crazy dynamite monkey
Hi I work for the RIAA, and I don't understand what this is about? My brain explodes every time I read it, but we have a fresh supply of donor monkies.
So could anyone give me a quick synopsis of how this one-dollar pay thingie works. Add supported synopsis is OK.
If you don't know what AltaVista is (was), get off my lawn.
Don't be greedy. There are plenty of us out here that would be more than willing to give them twice what they're currently making a year....
I'd never want another dime if I had that much. Hell, I could give half of it away, live off the interest, and give away most of the interest, and still live happily ever after. The headline "Google Execs Happy with $1 Salaries" is a gigantic DUH considering how much loot they have already. Working in a job they love in what has to be a relaxed, comfortable atmosphere doesn't hurt either, I'd guess.
Article moderation: -1 Duh.
Suits will come, and suits will go.
Just make sure Guido is well compensated. The world really needs Python.
Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
they paid _plenty_ (as in a whole shitload)
Was that metric or Imperial?
"Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery?" - Patrick Henry