Google pays CEO a buck, four other execs get $124M

Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 apiece last year, while four other top executives received combined compensation packages totaling more than $124 million.

The breakdown disclosed in a regulatory filing Wednesday consists mostly of stock awards that could ultimately be worth more or less money, depending on how Google's stock price fares in the future.

Nikesh Arora, the head of Google's business operations, led the pack with a compensation package value at $46.7 million.

. co-founders Page and Brin have capped their salaries to $1 since the company went public in 2004. They each own stock currently worth about $20 billion.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to each executive.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Google pays CEO a buck, four other execs get $124M (2013, April 25) retrieved 19 March 2024 from https://phys.org/news/2013-04-google-ceo-buck-execs-124m.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

Google paying bonuses totaling $15M to 4 top execs (Update)

0 shares

Feedback to editors