Frager Factor

Thursday, March 14, 2013

GOOG: Google pays executives $15m bonuses

Internet search giant Google is paying nearly $15m (£10.1m) in bonuses to four of its top executives for their performances last year.

Neither of Google's two co-founders, including chief executive Larry Page, will get a bonus though.

Executive chairman and former boss Eric Schmidt will get $6m - the largest reward.

The rest of the money will go to its top lawyer, chief financial officer and chief business officer.

Lawyer David Drummond is getting $3m, while Patrick Pichette and Nikesh Arora are to receive $2.8m each, the company said in regulatory filings.

Mr Page and co-founder Sergey Brin have usually settled for a $1 salary since Google went public in 2004 - but through their stock are worth billions.


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