The paltry paychecks, disclosed Tuesday in a regulatory filing, come as no surprise because Schmidt, Page and Brin have insisted on their annual salaries remaining at $1 since Google went public in 2004.
The trio also dont get any bonuses or the stock awards that most of Googles other 20,000 employees receive.
Thats because Page and Brin, who founded the company in 1998, already are Googles largest stockholders with about 29 million shares apiece.
Page, 36, and Brin, 35, made Schmidt, 53, a major shareholder when they hired him as CEO in 2001.
Schmidt received perquisites valued at $508,763 last year, mostly to cover personal security bills totaling $402,562. Google also paid a total of $106,201 to fly his family and friends on airplanes chartered by the Mountain View, Calif.-based company.
Including his perks, Schmidts 2008 compensation package edged up 6 percent from 2007 when his package totaled $478,662.
The Associated Press compensation calculations include salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
Limiting their salaries to $1 didnt seem like a big sacrifice for Schmidt, Brin and Page until 2008. Thats because they became multibillionaires as their holdings in Google soared eight-fold between the time of the companys initial public offering in August 2004 and the end of 2007.
Although all three men remain among the worlds wealthiest people, they suffered a major setback last year. Combined, their fortunes plunged by a combined $25.8 billion, or nearly 56 percent, in 2008, as investors began to fret that Google would be hurt by the faltering economy.
Google held up better than many people feared as its revenue rose 38 percent to $21.8 billion, but the companys stock price still plummeted from $691.48 at the close of 2007 to $307.65 at the end of last year.
Google shares have rallied along with the overall market recently, closing Thursday at $347.17.
The steep decline in Googles market value prompted the company to recently decrease its employees cost to exercise a total of 7.64 million stock options. The re-pricing gives the 15,642 who participated in the program a better chance to strike it rich in future years.
Other Silicon Valley billionaires, such as Yahoo Inc. co-founder Jerry Yang and Apple Inc. co-founder Steve Jobs, also have limited their salaries to $1 while serving as CEO.
But not all high-tech moguls are as egalitarian. For instance, Oracle Corp. CEO Larry Ellison pocketed a $1 million salary in the companys last fiscal year and received an additional 7 million stock options valued at $71.4 million when they were granted.