13 Mar 2013

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Google dishes out bonuses to top execs

AP

San Francisco - Google is paying nearly $15m in bonuses to four of the internet company's top executives for their performances last year.

Documents filed on Tuesday disclosed executive chairperson Eric Schmidt will get the biggest award at $6m to supplement his estimated fortune of $8bn. Schmidt served as Google's CEO for a decade until he turned over the job to company co-founder Larry Page nearly two years ago.

Neither Page nor fellow co-founder Sergey Brin will get a bonus. That's been their custom since Google went public in 2004. The two men are each worth about $23bn.

Google is paying a $3.3m bonus to its top lawyer, David Drummond. Two other key executives, Patrick Pichette and Nikesh Arora, are each getting bonuses of $2.8m.

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