Google execs get $8.9 million in bonuses

Posted by BBC News on Mar 12th, 2011 and filed under Tech News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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Tech News : Google execs get $8.9 million in bonuses

bbc news blog picNew york(BBC News Blog) — Google ought to truly enjoy the perform its leading executives are performing for the reason that it is offering them some fairly body fat bonuses this yr.

Inside a filing together with the Securities and Exchange Commission, the lookup leader disclosed that Patrick Pichette, chief monetary officer and Nikesh Arora, chief organization officer, will each and every obtain $ million bonuses. Pichette will even get $15 million in equity even though Arora financial institutions $20 million.

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Business cofounders, Sergey Brin and Larry Paige along with outgoing CEO Eric Schmidt at present are not finding bonus income, based on the filing.

In January of this yr, right after obtaining just $1 a yr in wage considering that 2004, Schmidt acquired a $100 million ‘thank you and farewell’ existing.

Schmidt’s preliminary wage was $250,000 a yr, but in 2004 he requested that it be lower to $1, exactly where it’s got remained actually because.

Schmidt will remain on as executive chairman immediately after he leaves his CEO part on April four.

Google’s excess fat paychecks and sweet perks have frequently place the firm in the leading of Fortune’s “Best Locations to Work” record, coming in at No. four this year.

Back To : Tech News

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