Google Pays Out $15million Bonuses to Execs
Google is paying almost $15million in bonuses to four of its top executives.
The bonus is being paid due to their performances over the last summer. Neither of Google’s two co-founders will get a bonus. Co-founders Larry Page and Sergey Brin have been paid a $1 salary since Google went public in 2004 – but don’t worry about them, they’re each worth $23 million.
Executive chairman and former boss Eric Schmidt (pictured) will get $6million – the highest reward. Another $3million bonus will go to Google’s top lawyer David Drummond. Chief financial officer Patick Pichette and chief business officer Nikesh Arora will both receive $2.8 million each.
The news about Google’s bonuses comes on the same day the search engine giant agreed to pay a $7million fine for collecting personal data without authorisation in the US.
The company must also launch an employee training program about data use and privacy which must be continued for the next ten years. They will also launch a campaign to educate consumers on securing their information on wireless networks.
Source: Google. Pic: Google.