Google pays CEO $1, executives $124m

Apr 26, 2013

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San Francisco: Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 a piece 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.
Google Inc. co-founders Page and Brin have capped their salaries at $1 since the company went public in 2004. They each own Google stock currently worth about $20 billion.
AP’s calculation counts salary, bonuses, perks and stock and options awarded to each executive.

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