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Google greater than doubles Eric Schmidt's pay package to

Google paid co founders Larry Page and Sergey Brin their customary $1 salaries this past year while executive oakley sunglasses wholesale authentic chairman Eric Schmidt's compensation over doubled to $19.3m.

The majority of discount ray ban sunglasses Mr Schmidt's raise stemmed from stock grants valued at $11.4m. Google issued these to make up for an administrative error within the oakley sunglasses wholesale handling of another large award presented to Mr Schmidt in February 2011, based on regulatory documents.

Mr Page, Google's us president, and Mr Brin, another top executive, have insisted on capping their salaries at $1 annually since Google went public nearly about ten years ago. It's a symbolic gesture that numerous other Silicon Valley executives are making after amassing fortunes through the stock that they can held in their respective companies.

Mr Page, 41, and Mr Brin, 40, each own Google stock currently worth about $26bn.

Mr Schmidt, 58, has accumulated wealth estimated at $9bn by Forbes magazine. Also, he limited his salary to $1 annually when he was us president.

The wages has changed dramatically since Mr Schmidt surrended the chief executive job to Mr Page three years ago. This season, Mr Schmidt received compensation priced at $101m, with most from the money tied up in restricted stock made to keep him working at Google. Last month, Google disclosed that Mr Schmidt gets another stock award worth $100m this year.

As Google's executive chairman, Mr Schmidt primarily relates to regulatory issues, government relationships and company acquisitions. The business thought Mr Schmidt oakley sunglasses wholesale did a real good job this past year that he received his maximum cash bonus of $6m to supplement his $1.25m salary.

None of the other Google executives listed in the proxy statement qualified because of their maximum bonuses a ray ban outlet online year ago.

Google and ray ban sunglasses outlet its particular stockholders fared well a year ago. The company's earnings climbed 20pc from your previous year to $12.9bn and its stock price gained 58pc. The typical Poor's 500 index increased by 30pc a year ago.

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