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.
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In Silicon Valley, the 'Recovery' Has Left Many in the Dust
The Silicon Valley is adding jobs faster than it has in more than a decade. Stocks and fortunes are soaring. But bleaker records are also being set: Food stamp participation just hit a 10-year high and homelessness rose 20 percent in two years. Simply put, while the ultra-rich are getting even richer, record numbers of Silicon Valley residents are slipping into poverty.
7 Ways to Encourage Your Kids to Develop Good Money Habits
Low interest rates have made convincing kids to open savings accounts a tougher sell. You can't just tell a 9-year-old to save because it's good for her -- you need an incentive, like prospect of a great return. So here are seven ideas to help your kids profitably put their money to work.
Google Decoded: Our Translation of the Stock Split Explanation
Google's novel stock split will create a new class of shares with no voting rights. Confused? Google CEO Larry Page thought you might be, so he offered an explanatory note. Here's our read-between-the-lines translation of what he was really saying.
Google Stock Split: Nonvoting Share Move Does No Evil After All
Google has faced heavy criticism since it announced its first-ever stock split, which creates a new class of nonvoting shares. Don't believe the hype. If you were happy owning Google stock before, you should be just as pleased now. Here's why:
Google Founders Gain More Clout Through Crafty Stock Split
Google CEO Larry Page, Chairman Eric Schmidt and co-founder Sergey Brin will gain greater influence over the company thanks to an unusual stock-split maneuver that will create a whole new class of Google shares with no voting rights.
Who Will Be the Next Steve Jobs?
On a split-adjusted basis, Apple went public at $2.75 a share 31 years ago; the stock closed at $378.25 yesterday. Investors lucky enough to hold for the entire period have enjoyed a 17% annualized return. Find a founder capable of delivering on a similar scale and you'll have a much easier time funding your retirement.
Google Co-Founder Larry Page to Take the Helm Again
Google co-founder Larry Page is set to take over as the search giant's new CEO on Monday. But some worry he may not have the management skills to steer the Internet's most powerful company. After all, early investors made him step down as Google's first CEO in 2001. Will he fare better the second time around?
CEO Departures: In January, 96 Top Bosses Moved Out
Last month, 96 CEO changes were announced by U.S. based companies, reports job-services firm Challenger, Gray & Christmas, among them the heads of Google and Advanced Micro Devices. The number is down 9% from December, but 8% higher than January 2010, when 89 CEOs left their corner offices behind.
Job No. 1 for Larry Page: Halt Google's Brain Drain
When Google co-founder Larry Page replaces Eric Schmidt as CEO, he'll have a host of things to worry about: ad revenues, growth, Facebook, privacy concerns and just how to get the company's rebel groove back. But first on his agenda will have to be reversing the flow of top employees out the door.
What Google's Reshuffle Means for Investors
As Larry Page takes the reins from CEO Eric Schmidt, the questions for investors are: Will Facebook keep gaining on Google? Or will Page steer it back to its original counter-corporate spirit, embracing risk over short-term profits? Or have the risk-takers gone soft?
Larry Page Returns to Google's Corner Office
The search giant's co-founder will replace CEO Eric Schmidt, who replaced Page in 2001. Back then, Google's investors believed the company needed a more mature leader. Now, says Schmidt: "I believe Larry is ready." Oh yeah: Google reported blowout earnings.
Report: Google Movie to be Based on Ken Auletta Book
The Google guys Larry Page and Sergey Brin are set to get the Hollywood treatment with a proposed feature film based on the company's rise from dorm room project to $120 billion Web colossus. The news comes as Facebook awaits the fall release of a film about its origins.
Google Cofounders Page and Brin to Sell 10 Million Shares
After a decade of stellar growth, Google cofounders Larry Page and Sergey Brin will sell five million of the search engine's shares over the next five years, which could net them $5.5 billion at the current share price.
U.S. Wants China to Explain Cyber Attack on Google
A day after Google said it might quit China after a cyber attack hacked the Gmail accounts of human rights activists there, U.S. Secretary of State Hillary Clinton asked China's leaders for an explanation. Free speech advocates, meanwhile, praised the search giant's decision to remove censorship filters in the country.
