03/28/2008 02:45 am ET Updated May 25, 2011

Google Head Honchos Committed Through 2024

Google Inc.'s top three executives agreed in 2004 to work together at the Internet search and advertising giant for at least 20 years, a company spokesman confirmed on Wednesday.

Founders Larry Page and Sergey Brin, as well as CEO Eric Schmidt, made their informal pact one month prior to the company's August 2004 initial public offering, Google spokesman Jon Murchinson said.

Word of the trio's long-term commitment, first revealed to Fortune magazine, comes amid growing concern that Google may bid to win in the Federal Communications Commission's ongoing auction of the 700 MHz spectrum.

Mr. Murchinson said he was not aware of any specific projects the three had in mind when they made their commitment, but he said the agreement conveys the importance the executives place on managing the company for the long term.

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