{"id":55043,"date":"2014-03-29T08:15:57","date_gmt":"2014-03-29T06:15:57","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=55043"},"modified":"2014-03-29T08:15:57","modified_gmt":"2014-03-29T06:15:57","slug":"another-year-another-1-for-google-ceos","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/55043\/another-year-another-1-for-google-ceos\/","title":{"rendered":"Another year, another $1 for Google CEOs"},"content":{"rendered":"

Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt’s compensation more than doubled to $19.3 million.<\/p>\n

Most of Schmidt’s raise stemmed from stock grants valued at $11.4 million. Regulatory documents filed Friday revealed the grants were issued to make up for an administrative error in the handling of another large award given to Schmidt in 2011.<\/p>\n

Page, Google’s chief executive, and Brin, another top executive, have insisted on capping their salaries at $1 annually since Google Inc. went public nearly a decade ago. The two men each own Google stock currently worth about $26 billion.<\/p>\n

The AP’s compensation calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.<\/p>\n

More on Google<\/h3>\n

Mobile to expand ad revenue pie: Google<\/a><\/strong><\/p>\n

Google, Samsung want Microsoft-Nokia restrictions<\/a><\/strong><\/p>\n

Google unveils \u201cProject Tango\u201d smartphone<\/a><\/strong><\/p>\n

Google to extend fibre TV and internet service<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt’s compensation more than doubled to $19.3 million. Most of Schmidt’s raise stemmed from stock grants valued at $11.4 million. Regulatory documents filed Friday revealed the grants were issued to make up for an administrative error in<\/p>\n","protected":false},"author":5,"featured_media":52845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,53,4564],"class_list":["post-55043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-google","tag-salary"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/55043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=55043"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/55043\/revisions"}],"predecessor-version":[{"id":55047,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/55043\/revisions\/55047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52845"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=55043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=55043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=55043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}