Google CFO and CBO take millions in bonuses while founders take nothing

Google boasts a market value in excess of APS230 billion

Google revealed yesterday that it will pay finance chief Patrick Pichette a $3 million annual bonus, and chief business officer Nikesh Arora a $3.5 million bonus, a small increase on the previous year.

Google revealed yesterday that it will pay finance chief Patrick Pichette a $3 million (APS1.81 million) annual bonus, and chief business officer Nikesh Arora a $3.5 million (APS2.11 million) bonus.

The slight rise on last year's bonuses come following a year in which the search giant's stock soared nearly 60 percent.

Google CEO Larry Page and co-founder Sergey Brin will not receive a bonus, according to a filing made on Monday with the US Securities and Exchange Commission, continuing the founder's practice of not taking one.

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However, it's worth noting that Page and Brin, who are each paid a $1 a year salary at Google, have a large portion of their personal wealth linked to Google's lucrative stock.

Google's shares increased 58 percent in 2013, breaking the $1,000 (APS602) mark for the first time.

Google chief legal officer and head of corporate development David Drummond will receive a $3 million (APS1.81 million) bonus, Google said, a slight fall on last year's bonus of $3.3 million (APS1.99 million).

Pichette and Arora each received bonuses of $2.8 million (APS1.69 million) last year.

Last month, Google announced it would pay executive chairman Eric Schmidt a $6 million (APS3.61 million) discretionary cash bonus and awarded him $100 million (APS60.2 million) in restricted stock units.

Shares of Google finished down 0.3 percent on Monday, at $1,211.57.

This story, "Google CFO and CBO take millions in bonuses while founders take nothing" was originally published by Techworld.com.

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