San Francisco: The three billionaire bosses of Google - Sergey Brin, Larry Page and Eric Schmidt - are to earn just $1 in salary this year, according to a filing with the Securities Exchange Commission.
Terry Semel, Yahoo's chief executive, will also earn a single dollar, though he took home a $25.7 million bonus last year in spite of a sharp drop in Yahoo's share price as it struggled to keep up with Google in the search advertising market.
The decision marks the third consecutive year that Schmidt, Google's Chief Executive, and co-founders Page and Brin have limited their salaries to $1 only.
They should be able to survive on that meagre amount though. According to Forbes Magazine, Brin and Pages' stakes in Google are worth $14 billion each, while Schmidt is worth about $5 billion.
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