Google gives top execs big pay bump

Nov 13, 2010

(AP) -- Google Inc. has given its top executives a 30 percent salary bump, bigger than the 10 percent raise it gave its rank-and-file this week.

Google's top brass - CEO and co-founders Sergey Brin and Larry Page - will still take $1 a year in salary. Their fortunes are wrapped up in Google's stock.

But disclosed in a regulatory filing Friday that four top executives - the and the heads of sales, engineering and product management - will each see their pay jump to $650,000 next year, from $500,000 this year.

The four executives also got equity awards worth a total of $55 million this year.

A spokesman said the company believes that "competitive compensation plans are important to the future of the company."

Explore further: Alibaba surges in Wall Street debut (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Google co-founders to sell $5.5B combined in stock

Jan 23, 2010

(AP) -- Google Inc. co-founders Larry Page and Sergey Brin are relinquishing some of their control over the Internet search leader with the sale of 10 million shares worth $5.5 billion at current prices.

Google CEO's compensation for 2009 falls 52 pct

Mar 29, 2010

(AP) -- The total compensation of Google Inc. CEO Eric Schmidt fell 52 percent last year as the Internet search leader cut back on its employee perquisites to help lift its profits during the recession.

Yahoo's Yang gets $1 in rocky final year as CEO

Apr 30, 2009

(AP) -- Yahoo Inc. limited co-founder Jerry Yang's 2008 compensation package to his customary $1 salary during his final year as chief executive, a tumultuous reign that unraveled after he rebuffed Microsoft Corp.'s $47.5 ...

Google execs collect bonuses

Mar 03, 2009

Bonus may be a dirty word on Wall Street right now, but end-of-year cash is still being handed out in Silicon Valley.

Recommended for you

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

tarheelchief
not rated yet Nov 14, 2010
Would it be possible to send out a dividend check to the shareholders?