Google execs collect bonuses

Mar 03, 2009
A view of the headquarters of the internet search engine company Google in Mountain View, California. Internet search king Google on Tuesday revealed the performance-related bonuses given by the board of directors in 2008 to top executives of the company.

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

Internet search king Google on Tuesday revealed the performance-related bonuses given by the board of directors in 2008 to top executives of the Mountain View, California company.

Topping the list in the filing with the Securities and Exchange Commission (SEC) was Jonathan Rosenberg, senior vice president, product management, who received a bonus of 1.64 million dollars.

Robert Eustace, senior vice president, engineering and research, and Omid Kordestani, senior vice president, global sales and business development, each took home a bonus of 1.38 million dollars.

New chief financial officer Patrick Pichette collected 1.24 million dollars while outgoing CFO George Reyes received 675,000 dollars.

As in years past, Google founders Sergey Brin and Larry Page and chief executive Eric Schmidt did not receive a bonus.

Google last month trumped expectations and reported a net profit of 382 million dollars for the final three months of 2008 on revenue of 5.7 billion dollars.

(c) 2009 AFP

Explore further: Taxi app Uber defies ban in Spain

add to favorites email to friend print save as pdf

Related Stories

Constantly changing online prices stump shoppers

Dec 18, 2014

Online shopping has become as volatile as stock market trading. Wild, minute-by-minute price swings on everything from clothes to TVs have made it difficult for holiday shoppers to "buy low."

Digital dilemma: How will US respond to Sony hack?

Dec 18, 2014

The detective work blaming North Korea for the Sony hacker break-in appears so far to be largely circumstantial, The Associated Press has learned. The dramatic conclusion of a Korean role is based on subtle ...

Sony hacking fallout puts all companies on alert

Dec 18, 2014

Companies across the globe are on high alert to tighten up network security to avoid being the next company brought to its knees by hackers like those that executed the dramatic cyberattack against Sony Pictures ...

Ag-tech could change how the world eats

Dec 14, 2014

Investors and entrepreneurs behind some of the world's newest industries have started to put their money and tech talents into farming - the world's oldest industry - with an audacious agenda: to make sure there is enough ...

Cyberattacks to worsen in 2015: McAfee researchers

Dec 09, 2014

A series of spectacular cyberattacks drew headlines this year, and the situation will only worsen in 2015 as hackers use more advanced techniques to infiltrate networks, security researchers said Tuesday.

Recommended for you

Taxi app Uber defies ban in Spain

6 hours ago

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

14 hours ago

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

LivingSocial's new CEO eyes an experience-oriented future

Dec 24, 2014

Some big challenges lie ahead for LivingSocial, the online marketplace known for its daily deals and discounted prices on restaurants, spas and local activities. But that's where the company's new chief executive, Gautam ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

superhuman
not rated yet Mar 03, 2009
There's nothing wrong with bonuses when the company is doing fine.

Giving "performance bonuses" to execs when company is goind down is stupid but it's up to shareholders to decide.

Paying for such bonuses with public money as is the case with bailed out companies is completely unacceptable. Politicians who allowed it to happen should be held responsible and all possible legal routes should be used to try to reclaim the money.

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.