Do you want to try and guess the salary of Google CEO Eric Schmidt?
I’ll give you a hint: he doesn’t have a six or seven figure salary. He doesn’t even have a five figure salary. The fact is, he gets just $1/year.
When he was originally hired in 2001, Eric Schmidt was offered $250,000 plus a performance bonus. In 2005, along with the two co-founders Brin and Page, he lowered his salary to $1.
Whats the deal? Schmidt owns 9.5 million shares of Google. If he makes Google do well, then his net worth increases a lot more than any salary would give him. If he does his job poorly, then his net worth decreases.
In 2007, he actually lost money working for Google. For his sake, I hope he does a better job in 2008.
