Google is awarding bonuses to four executives for their work last year, but will not give bonuses to its CEO or to co-founders Larry Page and Sergey Brin.
In a filing with the U.S. Securities and Exchange Commission on Wednesday, Google said that the company has decided to present bonuses to its chief financial officer and three other executives, but said that no bonus was given to CEO Eric Schmidt, President of Products Page or President of Technology Brin.
However, each of the company's top officers, including Brin, Page and Schmidt, did receive a $1,566 holiday bonus. A Google representative was not immediately available for comment on the bonus program.
As for the bonuses that were awarded, Omid Kordestani, senior vice president of sales, received $700,000; George Reyes, chief financial officer, was given $605,000; and David Drummond, general counsel, and Wayne Rosing, engineering vice president, each got $600,000 bonuses.
Google has also said that Brin, Page and Schmidt will not be taking part in this year's bonus program, which could see executives garner up to $3 million. The three have benefited substantially from the company's 2004 initial stock offering.
Many other rank-and-file Google workers have also seen their fortunes rise. Analysts estimate that more than 1,000 Google workers became instant millionaires, albeit only on paper, when the company went public.
Join the conversation
Comment replyThe posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
Whether Apple will release a new iPad next month doesn't seem to be the question as much as what day it will happen. A new rumor has it down to the day.
Tommy Jordan, the man who shot his daughter's laptop for YouTube, gets a visit from police and child protection services. Oh, and Good Morning America.
Along with green-lighting Google's buy of Motorola, the Justice Department today OKs an Apple-Microsoft-RIM partnership deal to buy Nortel patents, and Apple's plan to acquire Novell patents.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
There are a lot of things that AT&T's humongous Samsung Galaxy Note smartphone is, like a digital memo pad, a medium-size-reader, and a great photo companion.
As UC Berkeley students, the co-founders of "Back to the Roots" discovered they could grow mushrooms using recycled coffee grounds. Now their mushroom kit sells at grocery stores across the country.
Join the conversation