solutions watch

Well since about everything you see on the web has google mentioned on it you wouldn’t think you get paid more money than any of the top 3 Google executives.  Chariman and CEO Eric Schmidt and co-founders and co-presidents, Larry Page and Sergey Brin aggreed to be paid annual salaries of $1 each in 2006.  So does that mean if they need a loan from the bank they have to go on stated income and take the higher interest rate?  Probably not because I can’t really think of anything the world they would need a loan for to buy.  On Friday January 20, Google had a 14 percent decline in the company’s stock price because of a legal spat with the US Justice Department.  On Monday January 23, Google shares rebounded back up 7 percent for a gain of $28.04 per share.  This gain meant that Schmidt’s shares had gained $413.8 million in value in one day of trading.  Not bad for a loomy Monday.  Schmidt’s total value in Google closed at roughly $6.3 billion on Monday (resource).