Google’s chief: small salary, big expenses
Protecting Google’s head honcho got more affordable in 2008, but the cost of air travel for CEO Eric Schmidt and his entourage rose sharply.
According to Google’s annual proxy statement, released on Tuesday, Google paid out $106,201 “on Eric’s behalf for costs related to aircraft chartered for Google business on which family and friends flew in 2008.”
That’s a good deal more than the $4,000 Schmidt’s friends and family racked up flying the friendly skies in 2007 or the $22,456 in tax “gross ups” for air travel in 2006.
It’s not clear whether the extra costs related to more frequent globe trotting by Schmidt and his kin, or perhaps reflect the volatile cost of jet fuel, which surged in the first half of 2008, before receding later in the year.
On the other hand, the cost of Schmidt’s cordon sanitaire was only $402,562 in 2008, down from the $474,662 in “personal security” expenses 2007 and $532,755 in 2006.
Neither of the other two Google bigwigs, co-founders Larry Page and Sergey Brin, had any security or aircraft expenses during 2008.
And all three executives, as in years past, received a base salary of $1.