Google execs get bonuses: So what?

PaidContent.org revealed the 2008 bonus amounts for five key Google execs, most of whom raked in more than $1 million (only the former CFO George Reyes missed that mark, topping out at a cool $675,000). But what's the point? Google's not some mismanaged Wall St. firm coming to the U.S. taxpayer looking for a handout. Google's actually been a bright spot in the current economy. It produces real services to back up its comparatively robust stock price (NSDQ: GOOG). While big bonuses seem to be anathema in the current environment, why pick on Google?

Google's bonus amounts were revealed in a recent SEC filing, and the Post reports that they were actually down a bit from last year, due to current economic conditions (the filing does appear somewhat optimistic, however, when it states that no one exec can receive more than $6 million in any one year).

Another differentiator between Google and Wall St.? Google's top three execs, Sergey Brin, Larry Page and Eric Schmidt, as a rule do not receive bonuses at all-- although their ownership stakes in Google are probably more than satisfying. (After all, Brin can't go touristing around in outer space on his official $1/year salary.)

The bottom line is that major companies, especially in this economy, need to be run with deft expertise, and compensation is one way to keep talented execs motivated, successful and on track. This whole bonus flap, especially when it comes to Google, is just one big so-what.

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