Thursday, April 05, 2007

Google’s Chief Gets $1 in Pay; His Security Costs $532,755 - New York Times

Interesting reality check... 

The Internet search giant paid its top executive, Eric E. Schmidt, a salary of $1 and a holiday bonus of $1,723 in 2006, according to a regulatory filing Wednesday. But Mr. Schmidt’s personal security cost shareholders $532,755, representing the bulk of his compensation. Mr. Schmidt also received $22,456 to offset taxes due on a perk: the use of a Google-chartered aircraft by family members and friends.

Source: Google’s Chief Gets $1 in Pay; His Security Costs $532,755 - New York Times

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