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: Airbnb to expand tax collection efforts

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

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

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?

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.