15 Mar '13, 1am

GOOG: Google pays executives $15m bonuses

Internet search giant Google is paying nearly $15m (£10.1m) in bonuses to four of its top executives for their performances last year. Neither of Google's two co-founders, including chief executive Larry Page, will get a bonus though. Executive chairman and former boss Eric Schmidt will get $6m - the largest reward. The rest of the money will go to its top lawyer, chief financial officer and chief business officer. Lawyer David Drummond is getting $3m, while Patrick Pichette and Nikesh Arora are to receive $2.8m each, the company said in regulatory filings. Mr Page and co-founder Sergey Brin have usually settled for a $1 salary since Google went public in 2004 - but through their stock are worth billions. MORE via BBC GOOG: Google pays executives $15m bonuses

Full article: http://fragerfactor.blogspot.com/2013/03/goog-google-pays...

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