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Wednesday, March 7th, 2007

And You Thought Your Salary Was Low

 

Imagine what your life would be like if your annual salary was only a dollar. What would you do with your check? Perhaps buy a chocolate bar? Well, for the third consecutive year Google top dogs Sergey Brin, Larry Page, and Eric Schmidt will each earn exactly that for 2007, a measly single dollar. Yahoo’s chief executive, Terry Semel, will also see a 1 dollar salary for 2007.

The $1 salary seems ridiculous until you look at a few other figures. Semel saw $25.7 million in bonuses for 2006. Brin and Page each have shares in Google totaling more than $14 Billion each and Schmidt has a worth of more than $5 Billion.

If my boss is reading this, and I know he is, I will happily work for $1 a year – providing I can also have $5 Billion + in bonuses. Ahh, to have even a small piece of that pie.


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