Google pays $6.3M worth of bonuses to execs who collectively sold $60M worth of stock last year
Search behemoth Google’s board of directors paid out bonuses to several top executives, and no, none of them were named Larry, Sergei or Eric.
Four other senior executives — who between themselves sold about $60 million worth of Google shares last year — along with the company’s new chief financial officer were given a total of $6.3 million in bonuses. The bonuses, which were characterized as “discretionary” rather than payouts made under a pre-arranged performance plan, were made “in recognition of executive officers’ contributions to performance in 2008.”
We thought it would be interesting to list the amount of the bonus each officer received along with the amount of Google stock the same executive sold last year, according to data from Thomson Reuters.
Robert Eustace, Google’s senior VP for engineering and research, got a bonus of $1.38 million for 2008, when he sold $10.9 million worth of Google shares.
Omid Kordestani, Google’s senior VP of sales and business development, also received a $1.38 million bonus, and sold $37.6 million of Google shares.
Jonathan Rosenberg, senior vice president for product management, got a $1.6 million bonus, and sold $6.4 million in Google stock.
George Reyes, Google’s former chief financial officer, who received a $675,000 bonus and sold $5.1 million in Google shares last year; and Google’s new CFO, Patrick Pichette, got a $1.2 million bonus, in addition to a $500,000 signing bonus when he was named last June, along with a $500,000 six-month anniversary gift.
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