Google doles out US$6.3M in exec bonuses

Filing shows company issued US$6.3 million in bonuses to its executive team for 2008, with its new CFO landing a US$1.24 million bonus after five months on the job.
Written by Dawn Kawamoto, Contributor

For Google's executive management team, the US$6.3 million in bonuses they received for last year's performance can buy a lot of Android phones.

Google, in a filing Tuesday with the Securities and Exchange Commission, noted its new chief financial officer, Patrick Pichette, received a US$1.24 million bonus for his five months of work on the new job. For Pichette, he did not have to wait a full 12 months to become a Google millionaire.

Outgoing CFO George Reyes, meanwhile, received a bonus of US$675,000. Over the past year, Google's stock has outperformed the Nasdaq.

Google's Jonathan Rosenberg, senior vice president of product management, received the largest bonus, with US$1.64 million coming his way.

Rosenberg was one Google executive who was active on its fourth-quarter earnings call, in which the company exceeded Wall Street's estimates despite facing the headwinds of a dire economy.

Alan Eustace, senior vice president of engineering and research and development, and Omid Kordestani, senior vice president of global sales and business development, meanwhile, each received a US$1.38 million bonus.

As with previous years, Google's co-founders Larry Page and Sergey Brin, as well as its CEO Eric Schmidt, did not collect a bonus.

This article was first published as a blog post on CNET News.

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