Schmidt
Though Google's top executive, CEO Eric E. Schmidt, received a $1 salary last year, his personal security cost shareholders $532,755, writes the New York Times, citing a regulatory filing submitted Wednesday.
Like other execs at the search giant, the bulk of the Schmidt's compensation comes from his stock options. As of March 1, Schmidt owned more than 10.7 million Google shares, worth more than $5 billion at Wednesday's closing price of $471.02. Similarly, cofounders Sergey Brin and Larry Page received $1 salaries but each owns stock worth around $13.5 billion.
The company's filing also includes a shareholder proposal to be voted on at the company's May 10 annual meeting that would require Google to resist demands for censorship by all legal means and would prevent it from holding data that could be used to identify individuals in countries that restrict freedom of speech.
Google's board recommended that shareholders vote against the proposal.
