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U.S. markets recover from steep losses
MOUNTAIN VIEW, Calif., March 12 (UPI) -- U.S. Internet giant Google said it paid its top executive handsome bonus checks for 2010 after earning $8.5 billion for the year.
In a regulatory filing with the Securities and Exchange Commission, Google said it handed Chief Business Officer Nikesh Arora a $2.7 million bonus and an equity award of $20 million, The Wall Street Journal reported Saturday.
Chief Financial Officer Patric Pichette was given a $2.7 million bonus and $15 million in equity.
The firm gave $1.8 million to senior vice president Alan Eustace, who was also granted $10 million in equity stock. Senor vice president of production Jonathan Rosenberg was given $1.7 million plus an equity package worth $5 million.
As for the Alpha males at Google, former Chief Executive Officer Eric Schmidt was not given a bonus for the year, although he was given $100 million in stock when he retired in January, turning his CEO responsibilities over to co-founder Larry Page.
Schmidt is now the firm's executive chairman.
Page and co-founder Sergei Brin were not given bonuses, the Journal reported.
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