Google Rewards Execs for a Job Sort Of Well Done
by Peter Kafka
Posted on March 3, 2009 at 4:08 AM PT
Wall Street bonuses have shrunk, but they haven’t gone away. And at Google (GOOG), top executive bonuses look pretty much like last year’s. Here’s the payout for a handful of the search company’s top brass, via a document filing with the SEC this morning:
Robert A. Eustace, SVP Engineering & Research: $1,376,000
Omid Kordestani, SVP Global Sales & Business Development: $1,376,000
Patrick Pichette, CFO: $1,244,000
George Reyes, former CFO: $675,000
Jonathan Rosenberg, SVP Product Management: $1,638,000
Larry Page, Sergey Brin, Eric Schmidt: $0
All fine payouts, to be sure (Larry, Sergey and Eric never take a cash bonus). But for the record, note that these do represent a small tick down from last year, when Eustace, Kordestani, Reyes and Rosenberg each got cash bonuses of $1,683,606. Then again, a year ago, GOOG was trading at $471; this morning it’s at $327 and change.
We should get full compensation info–including how much execs received as base salary and how much they got via stock grants and options awards–within the month when Google releases its annual proxy statement.
