Google founder Larry Page to marry

There are scores of eligible Google millionaires, but as of next month, both its famed billionaire founders appear to be taken.

According to the San Francisco Chronicle, co-founder Larry Page will marry his girlfriend, Lucinda Southworth, at an undisclosed location during the weekend of December 8. Guests have been advised to have their pasSports available to travel internationally, the newspaper said.

Earlier this month, Silicon Valley celebrity gossip site valleywag.com reported that the two would marry on Necker Island, the Caribbean hideaway owned by Virgin Group billionaire Richard Branson, on Dec. 7.

Since 2003, Southworth has been a doctoral student in biomedical informatics at Stanford University. She graduated from the University of Pennsylvania in 2001 and holds a master's of science from Oxford University. Southworth did not respond to requests for comment. A Google spokesperson declined to confirm the engagement.

Page, 34, co-founded the now famed search company in 1998 with Stanford University classmate Sergey Brin.

Since the firm went public in 2004, its stock has skyrocketed to nearly $750 a share and it has become one of the world's most highly valued Companies. Following a week of rocky trading, shares closed at $660.55, up 4.5 percent on Tuesday. Page and Brin were co-ranked at No. 5 this year in Forbes' 400 list of U.S. billionaires. Each is estimated to have a net worth of $18.5 billion.

In May, Brin married his longtime girlfriend, Anne Wojcicki, on a sandbar in the Bahamas.

Courtesy : ExpressIndia.com
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Google CEO, Co-Founders Get $1 Salary

The three executives who run Google Inc. each drew a salary last year of $1. But Chief Executive Eric Schmidt and co-founders Larry Page and Sergey Brin more than made up for it in the large stakes they own in the online search leader, which has made them billionaires.

Besides his $1 salary, Schmidt, who was No. 116 on Forbes magazine's most recent ranking of American billionaires, received a bonus of $1,723 and "other compensation" valued at $555,742, according to a proxy statement filed with the Securities and Exchange Commission on Wednesday. The bulk of that other compensation, $532,755, was for personal security.

Google's shares closed 2006 at $460.48 on the Nasdaq Stock Market, up 11 percent for the year. The stock started at $85 when it went public in August 2004.

Schmidt, 51, owns 10,096 of Google's Class A shares and 10.7 million of its Class B shares. At the end of 2006, those securities were worth about $4.9 billion.

Brin, 33, and Page, 34, shared the No. 26 spot on the Forbes U.S. billionarie list, published in March. Each are worth $16.6 billion, according to the magazine's estimate. Brin beneficially owns 28.6 million of Google's B stock, which was worth about $13.2 billion at the end of 2006. and Page owns 29.2 million shares, worth about $13.4 billion at the end of the year.

In addition to their $1 salaries, Brin and Page each received a bonus of $1,723 — of this, $1,000 was a holiday bonus awarded to each Google employee. Page, whose title is president of products, topped Brin's $1,724 compensation package with compensation valued at $38,519. He received perks totaling $36,795, which consisted of $33,195 for transportation, logistics and security during personal travel and $3,600 for personal travel using rental cars.

Google does not maintain executive retirement programs such as executive pension plans, deferred compensation plans or other executive retirement benefits.

The Associated Press calculations of total pay include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations do not include changes to the present value of pension benefits and may vary from totals that companies report.

Source: foxnews.com