Google CEO Eric Schmidt and co-founders Larry Page and Sergey Brin received only $1 each in pay for the entire year of 2008. But with their shares in the internet giant, they are billionaires.Google's co-founders and the California Internet titan's chief executive Eric Schmidt each took only a dollar in pay last year, a filing Tuesday with US regulators indicates.Larry Page, Sergey Brin, and Schmidt stuck with their usual one-dollar annual paychecks despite tough economic times that have eroded billions of dollars in value from their Google stock holdings."Eric, Larry and Sergey have voluntarily elected to receive only nominal cash compensation," Google said in a proxy statement filed Tuesday with the Securities and Exchange Commission."Their primary compensation continues to come from returns on their ownership stakes in Google."The trio at the top of Google's command structure received no bonuses either.Page owns about 29.2 million shares of Google stock while Brin holds 28.6 million shares, making them the firm's biggest stock holders and giving the duo controlling interest, according to the filing.Brin, 35, and Page, 36, started Google while students at Stanford University. The pair incorporated Google in 1998 and have taken a dollar each in annual pay since the company went public with a stock offering in 2004.Schmidt has the third largest stake in the company; owning just shy of 9.4 million shares.
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