Google Gives Top Execs 30 Percent Pay Bump
MOUNTAIN VIEW (AP) -- Google Inc. has given its top executives a 30 percent salary bump, bigger than the 10 percent raise it gave its rank-and-file this week.
Google's top brass - CEO Eric Schmidt and co-founders Sergey Brin and Larry Page - will still take $1 a year in salary. Their fortunes are wrapped up in Google's stock.
But Google disclosed in a regulatory filing Friday that four top executives - the chief financial officer and the heads of sales, engineering and product management - will each see their pay jump to $650,000 next year, from $500,000 this year.
The four executives also got equity awards worth a total of $55 million this year.
A spokesman said the company believes that "competitive compensation plans are important to the future of the company."
(© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
