Google pays CEO a buck, 4 other execs get $124M

Published April 25, 2013 12:02am ET



SAN FRANCISCO (AP) — Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 apiece last year, while four other top executives received combined compensation packages totaling more than $124 million.

The breakdown disclosed in a regulatory filing Wednesday consisted mostly of stock awards that could ultimately be worth more or less money, depending on how Google’s stock price fares in the future. Google Inc. also paid all four of the executives besides Page and Brin their maximum bonuses to reward them for their accomplishments during a year that saw the Internet search leader’s stock price and earnings rise by 10 percent from 2011.

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