Tuesday, March 06, 2007

Google Founders Is Paid USD 1 for a year only

This is another example of Good Management.

The three billionaires who started Google.com, Eric Schmidt, Larry Page and Sergey Brin have limited their salaries to just a merely US$1.

Heck, do they need a salary?

They own a majority of the company shares.

According to Forbes Magazine, Mr Page and Mr Brin are worth US$14 billion each and Mr Schmidt worth US$5 billion.

If you are investing in Google.com, this is one factor that you must take it into consiration - a good and sound management.

Clearly, the founders have the company interest at heart. If the company don't do well, the shares price drop and that will hurt their wealth greatly. They need to protect their own interest.

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