Google execs get $8.9 million in bonuses

By Octavio Blanco, online producer


NEW YORK (CNNMoney) -- Google must really appreciate the work its top executives are doing because it's giving them some pretty fat bonuses this year.

In a filing with the Securities and Exchange Commission, the search leader disclosed that Patrick Pichette, chief financial officer and Nikesh Arora, chief business officer, will each receive $2.7 million bonuses. Pichette will also get $15 million in equity while Arora banks $20 million.

Also getting big dollar bonuses: Alan Eustace senior vice president, engineering and research -- $1.8 million -- and Jonathan Rosenberg SVP, product management -- $1.7 million. Eustace will also get $10 million in equity and Rosenberg $5 million.

The bonuses and equity were awarded by Google's board of directors on March 7.

Company cofounders, Sergey Brin and Larry Paige as well as outgoing CEO Eric Schmidt currently aren't getting bonus money, according to the filing.

In January of this year, after receiving just $1 a year in salary since 2004, Schmidt got a $100 million 'thank you and farewell' present.

Schmidt's initial salary was $250,000 a year, but in 2004 he requested that it be cut to $1, where it has remained ever since.

Schmidt will stay on as executive chairman after he leaves his CEO role on April 4.

Google's fat paychecks and sweet perks have regularly put the company at the top of Fortune's "Best Places to Work" list, coming in at No. 4 this year.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 16,461.32 -153.49 -0.92%
Nasdaq 4,382.85 -36.63 -0.83%
S&P 500 1,927.11 -14.17 -0.73%
Treasuries 2.23 0.02 0.95%
Data as of 11:10pm ET
Company Price Change % Change
Bank of America Corp... 16.40 -0.20 -1.20%
Yahoo! Inc 42.00 1.82 4.53%
Apple Inc 102.99 0.52 0.51%
Facebook Inc 78.37 -0.32 -0.41%
Boston Scientific Co... 12.32 0.29 2.41%
Data as of 4:04pm ET

Sections

Las Vegas might have first class shopping, dining and nightlife. But for serious gambling, head to Macau. More

The midterm elections are around the corner, and the economy remains a top concern. With unemployment down and inflation low, why do people still feel the economy stinks? More

Uber canceled its free rides with hot girls promotion in Lyon, France before it ever launched. More

Startups focusing on "ag tech," or agricultural technology, are gaining the attention of farmers and investors More

Dressing up in crazy costumes, traveling the world, posing for photos -- and getting paid to do it. Here are journal entries from a day in the life of professional "cosplay" character, Linda Le. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.