Google execs land fat bonus checks

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Google chairman Eric Schmidt will be paid a $6 million bonus on March 15.

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Shana Lynch

Managing Editor- Silicon Valley Business Journal

Email | Twitter | Google

Google execs are getting a pretty healthy raise.
According to a Securities and Exchange Commission filing today, Eric Schmidt, Google chairman, will receive a $6 million bonus, paid on March 15.
Chief Legal Officer David Drummond will receive $3.3 million, and CFO Patrick Pichette and Chief Business Officer Nikesh Arora will each receive $2.8 million.
The compensation was approved on March 6, and the bonuses are “in recognition of their contributions to performance in fiscal year 2012.
The year definitely was a strong one for the Mountain View high-tech company. Net income was up 10 percent at $10.7 billion for 2012, and revenue kicked up nearly 9 percent to $12.76 billion. The company ended the year with $48.1 billion in cash, cash equivalents, and marketable securities.
The company's stock continues to tick up, hitting new highs this year.

Shana Lynch is Managing Editor at the Business Journal. Her phone number is 408.299.1831.

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