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  • Apr 19, 2014
  • Updated: 10:00am
BusinessCompanies

Google pays its bosses a buck, 4 other executives get US$124m

PUBLISHED : Thursday, 25 April, 2013, 11:25am
UPDATED : Thursday, 25 April, 2013, 11:56am

Google chief executive Larry Page and his longtime partner Sergey Brin limited their salaries to US$1 apiece last year, while four other top executives received combined compensation packages totaling more than US$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 US$46.7 million (HK$362.6 million).

Google Inc. co-founders Page and Brin have capped their salaries at US$1 (HK$7.76) since the company went public in 2004. They each own Google stock currently worth about US$20 billion (HK4155.3 billion).

The AP’s calculation counts salary, bonuses, perks and stock and options awarded to each executive.

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