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Google finance, business chiefs get millions in bonuses

11
Mar
2014

Google Inc will pay Finance Chief Patrick Pichette a $3 million annual bonus, and Chief Business Officer Nikesh Arora a $3.5 million bonus, a slight increase from the previous year, following a year in which the Internet companys stock surged nearly 60 percent. Google Chief Executive Larry Page and co-founder Sergey Brin will receive no bonus, the company said Monday in a filing with the U.S. Securities and Exchange Commission, continuing the founders practice of not taking a bonus. Page and Brin, who are each paid a $1 a year in salary, have a large portion of their personal wealth tied directly to Googles stock. Googles shares shot up 58 percent in 2013, breaking the $1,000 mark for the first time and outpacing the Nasdaqs 38 percent gain for the year.

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