Google Parent Company Pays Top Two Execs $1 in 2015
Larry Page and Sergey Brin are each worth roughly $35 billion and have eschewed salaries and bonuses for several years.
Alphabet Inc., the parent company of Google, paid CEO Larry Page and President Sergey Brin one whole buck each for their services in 2015.
The two co-founders of Google — and Alphabet — earned the same $1 compensation in 2014 and 2013, according to a regulatory filing on Friday.
Their ultra-modest compensation was in stark contrast to that of the other top executives.
Sundar Pichai, for example, was paid $100.6 million in 2015 as CEO of Google. He took the job just last year when Google restructured to become the primary asset of new company Alphabet.
Eric Schmidt, the executive chairman of Alphabet, made $8 million in 2015, down from $108.7 million a year earlier.
Ruth Porat, named Alphabet CFO a year ago, made $31.1 million, while former Google CFO Patrick Pichette was paid $56.6 million, up from $43.8 million a year earlier.
Omid Kordestani, Google's former chief business officer, made $17 million in 2015, down from $130 million a year before.
Page, 43, and Brin, 42, are each worth roughly $35 billion and have eschewed salaries and bonuses for several years, taking just $1 annually.
Alphabet shares rose 44 percent in 2015. On Friday, the company sported a $476 billion market cap, making it the second-most-valuable company traded on Wall Street, behind Apple, which is worth $520 billion.