Some top Google executives get 30 percent raises

13.11.2010
The same week that Google reportedly offered all employees 10 percent raises, .

According to a filing with the U.S. Securities and Exchange Commission, Google executives including Patrick Pichette, chief financial officer; Nikesh Arora, president of global sales and business development; Alan Eustace, senior vice president of engineering and research; and Jonathan Rosenberg, senior vice president of product management, saw their salaries go up to US$650,000 from $500,000. The raises are effective on Jan. 1.

They will also get a boost in their potential bonuses from 150 percent of their base salaries to 250 percent.

Top executives Eric Schmidt, CEO; Sergey Brin, president of technology; and Larry Page, president of products, will keep their base salaries of $1 each. Those executives don't receive bonuses. All three are listed among the 400 richest Americans by Forbes magazine.

The top three also won't get equity grants like the others. Pichette and Arora will get $20 million worth of stock and stock options on Dec. 1. Eustace gets $10 million in equity and Rosenberg $5 million.

The executive awards announcement comes the same week that Google reportedly gave a blanket 10 percent raise to all employees. Google didn't confirm the companywide raise, .