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Google doles out $8.9 mn in bonuses to top 4 executives

Google doles out $8.9 mn in bonuses to top 4 executives
PTI
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First Published: Sun, Mar 13 2011. 02 16 PM IST
Updated: Sun, Mar 13 2011. 02 16 PM IST
New York: Appreciating their good showing, Google has awarded bonuses worth $8.9 million for its four top executives.
Apart from the bonuses, these executives have also received equity awards worth $50 million.
Bonuses have been given to chief business officer Nikesh Arora, chief financial officer Patrick Pichette, senior vice president (engineering & research) Alan Eustace, senior vice president (product management) Jonathan J. Rosenberg.
Arora and Pichette, who are also senior vice presidents, have each received bonus of $2.7 million, Google said in a recent regulatory filing.
Equity award worth $20 million has been given to Arora, while that for Pichette it was $15 million.
As per the filing, Eustace received $1.8 million bonus as well as equity award of $10 million. Rosenberg got a bonus of $1.7 million apart from equity to the tune of $5 million.
In 2010, Google’s profit had surged to $8.51 billion on revenues of $29.32 billion.
However, Google’s chairman and chief executive officer Eric Schmidt and president (technology) Sergey Brin did not receive any bonuses or equity awards.
Schmidt was awarded stocks and stock options worth $100 million in January. He would become executive chairman from 4 April, when Google co-founder Larry Page would take charge of day-to-day operations as CEO.
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First Published: Sun, Mar 13 2011. 02 16 PM IST