Google CEO and founders would get 1$ salary in 2007!!!

As per the latest reports from CNN,Google CEO Eric Schmidt and co-founders Larry Page and Sergey Brin will receive a $1 annual salary for 2007

As per the reports:

Yahoo! (Charts) chairman and CEO Terry Semel is also getting paid an annual salary of just $1, as is Apple (Charts) CEO Steve Jobs.

The three Google executives, also did not receive an annual cash bonus for 2006, according to the company. But four other Google executives received substantial raises for 2007 and bonuses for 2006.

Robert Eustace, Google's senior vice president for engineering and research; Omid Kordestani, senior vice president for global sales and business development; chief financial officer George Reyes; and Jonathan Rosenberg, senior vice president for product management will all receive an annual salary of $450,000 this year, up from $250,000 in 2006.

Read the complete story here