Google Pays Founders $1; Four Other Execs Get $124M
Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 apiece last year, while four other executives received pay of more than $124 million.
Stock Options
Executives Paid in Stock Rake It In as Workers Struggle
While many of us benefit from the recent rally in stocks, executives often get paid partly in company shares. Right now, they're making out like bandits, unlike their workers.
Ford CEO Alan Mulally's Pay Fell 29% in 2012
Ford CEO Alan Mulally's pay fell nearly 30 percent to $21 million last year, dragged down by heavy losses in Europe and lower market shares in the U.S. and elsewhere.
Facebook Posts Record Profit, Gets Huge Tax Break Anyway
Last year, Facebook went public and brought in record profits exceeding $1.1 billion. And yet, not only will the ubiquitous social network not be paying any taxes, it will be getting a huge tax break.
Just-Missed Millions: They Left Early Jobs at Tech's Big Winners
They are smart people who let millions of dollars slip through their fingers. Their mistake: Leaving a job at an early start-up that went on to become super-hot, or, just as bad, turning those jobs down.
Why Facebook Is Paying These People's Tax Bills
When the Facebook IPO arrives, many of its employees are almost certain to hit it rich -- and they're getting an extra benefit no one would have expected: The company will pay the taxes on their stock profits. Crazy? Recent history says not. Here's why:
Is Facebook Finally Ready to IPO?
Facebook may finally be ready to go public in the second quarter of 2012. At an estimated valuation of $100 billion, the social networking giant is probably no longer a ground-floor opportunity -- but could even that number be too low?
Resurgent Ford Awards Top Two Execs $99 Million in Stock
Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company's stunning turnaround, which resulted in the automaker raking in $6.6 billion last year -- its best performance in more than a decade.
United-Continental Merger Lands Execs a Big Pay Raise
Considering how often airline industry executives complain about how hard it is to run a profitable carrier, one might expect their efforts could go unrewarded -- at least monetarily. Not so at the new United Continental Holdings, where big post-merger raises are coming for top management.
Ending Silicon Valley's 'No Poaching' Deals . . . a Few Years Late
On Friday, the Justice Department announced it had settled with six tech giants that had made anticompetitive agreements not to poach top employees from each other. That may have been an issue two years ago, but not now as a major talent war rages in Silicon Valley.
Legal Briefing: Insider Trading in Potash Bid?
When BHP Billiton made its offer to acquire Potash Corp., two residents of Madrid, Spain, made $1.1 million by buying out-of-the-money call options ahead of the announcement, the Securities and Exchange Commission claims. The SEC is suing the investors, and has frozen $1.1 million of their assets.
GM Likely to File for IPO Later Today
Auto giant General Motors is expected to file for its IPO as soon as Wednesday. The filing is likely to include preferred as well as common shares and will help the government unload its 61% stake in the carmaker.
Is William Shatner a $600 Million Internet Genius?
The Internet rumor mill has actor William Shatner being proclaimed a financial genius for supposedly reaping $600 million from being Priceline's spokesman. But the numbers don't add up -- it's not logical, as Spock would say.
Executive Compensation Reforms Are Gaining
The furor over pay on Wall Street and in executive suites isn't likely to fade anytime soon: Wall Street employees saw their bonuses increase by 17% to a collective $20.3 billion in 2009. But a closer look a Corporate America shows that changes for the better are happening.
