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Google to pay new finance chief $70m package

Washington - Google's new chief financial officer Ruth Porat will receive a package of more than $70m, the company has said.

Porat, 57, previously held the same position with Morgan Stanley. Her move to Google, where she was also to be senior vice president, was announced Tuesday, and due to take effect Thursday.

Her annual base salary will be $650 000 in 2015. She will also receive a $5m signing bonus and a $25m new-hire restricted stock grant.

In 2016, she will receive a $40m biennial grant on top of her annual base salary.

She previously made between $8-11m dollars during her time at financial services giant Morgan Stanley.

Porat is often called the most powerful woman on Wall Street and was named the sector's best chief financial officer in 2014.

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