Google’s big three stick with $1 salaries
160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! MOUNTAIN VIEW, Calif. – The three billionaires who run online search leader Google Inc. will settle for a $1 salary again this year while four other top executives will receive raises of $200,000 apiece, according to documents filed Monday. It marks the third consecutive year that Google Chief Executive Eric Schmidt and co-founders Larry Page and Sergey Brin have limited their salaries to $1. It’s a sacrifice that they can afford because they have gotten rich off their large stakes in Google, whose stock price has more than quintupled from its initial offering price of $85 in August 2004. Page and Brin are each worth about $14 billion while Schmidt’s fortune stands at $5 billion, according to Forbes magazine’s annual ranking of the nation’s wealthiest people. The salaries of four other Google executives are climbing from $250,000 in 2006 to $450,000 this year. They are: Robert Eustace, senior vice president of engineering and research; Omid Kordestani, senior vice president of global sales and business development; Jonathan Rosenberg, senior vice president of product management; and George Reyes, the company’s chief financial officer.