Considering the amount of cash Google (NSDQ: GOOG) is spending on retaining employees, it only makes sense that it would reward its top executives handsomely too, right? The company said in an SEC filing this afternoon that it had handed out nearly $8 million in cash bonuses and $50 million in stock to four top executives.
For the curious: CFO Patrick Pichette received a $2.7 million cash bonus and $15 million in equity awards; Chief Business Officer Nikesh Arora received $2.7 million and $20 million, respectively; SVP Alan Eustace got $1.8 million and $10 million; and SVP of product management Jonathan Rosenberg received $1.7 million and $5 million. (Intriguingly, the cash payments to Rosenberg and Eustace were actually down compared to those the company gave out a year ago).
All of the payments pale in comparison to that given to executive chairman Eric Schmidt. He received a $100 million equity award shortly after he announced in January that he would step down as CEO effective April 4.