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.”

(© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Pearlp says:

    Hey, is Google hiring 70-year-olds? We never get raises where I work!!!

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