Google Gives Top Execs 30 Percent Pay Bump
MOUNTAIN VIEW (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 Eric Schmidt 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 Google disclosed in a regulatory filing Friday that four top executives – the chief financial officer 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.”
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