Google execs get $8.9 million in bonuses
By Octavio Blanco, online producerMarch 11, 2011: 7:24 PM ET
NEW YORK (CNNMoney) -- Google must really appreciate the work its top executives are doing because it's giving them some pretty fat bonuses this year.
In a filing with the Securities and Exchange Commission, the search leader disclosed that Patrick Pichette, chief financial officer and Nikesh Arora, chief business officer, will each receive $2.7 million bonuses. Pichette will also get $15 million in equity while Arora banks $20 million.
Also getting big dollar bonuses: Alan Eustace senior vice president, engineering and research -- $1.8 million -- and Jonathan Rosenberg SVP, product management -- $1.7 million. Eustace will also get $10 million in equity and Rosenberg $5 million.
The bonuses and equity were awarded by Google's board of directors on March 7.
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Company cofounders, Sergey Brin and Larry Paige as well as outgoing CEO Eric Schmidt currently aren't getting bonus money, according to the filing.
In January of this year, after receiving just $1 a year in salary since 2004, Schmidt got a $100 million 'thank you and farewell' present.
Schmidt's initial salary was $250,000 a year, but in 2004 he requested that it be cut to $1, where it has remained ever since.
Schmidt will stay on as executive chairman after he leaves his CEO role on April 4.
Google's fat paychecks and sweet perks have regularly put the company at the top of Fortune's "Best Places to Work" list, coming in at No. 4 this year.
Credit: CNN (www.cnn.com)
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