SEC Filing Outlines Google Execs’ Bonuses

$6.3 million split five ways

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While some parents are sure to keep taking their children to golf courses every day, trying to train the next Tiger Woods, maybe other moms and dads should just plop their kids in front of a computer.  A new SEC filing showed that Google execs are compensated in what some would consider to be a generous fashion.

The Leadership Development and Compensation Committee of Google’s board of directors recently determined what execs would receive in terms of 2008 bonuses.  Jonathan Rosenberg, the senior vice president of product management, scored $1,638,000.  Both Alan Eustace, the SVP of engineering and research, and Omid Kordestani, the SVP of sales and business development, got $1,376,000.

Patrick Pichette, who replaced George Reyes as Google’s chief financial officer in early August, managed to acquire $1,244,000.  And Reyes himself was awarded $675,000.

So was Google too giving?  The company’s stock plummeted by about 56 percent over the course of 2008, and the interest alone on a million bucks amounts to more than some people make (figure around $20,000 a year at current rates).

Well, maybe not.  After all, Eric Schmidt, Sergey Brin, and Larry Page didn’t take cash bonuses, and even as the board set a limit of $6 million per person, everything listed here adds up to only slightly more than that amount ($6.3 million).  But parents should at least keep Google in mind if the golf thing doesn’t go so well.

SEC Filing Outlines Google Execs’ Bonuses
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