Google Hands Out Huge Payraises

By: From 13 News
By: From 13 News

SAN FRANCISCO -- 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, namely, 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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