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Google has a reputation for attracting the top industry talent at top dollar, which is why when a companywide raise of 10 percent was announced last week everyone took notice of their generosity. Given the sheer number of in-house employees it’s a move that would cost the company millions, but it too has now been slightly overshadowed by executive raises that are rumored to be in the 30 percent range. This would raise the salary of the seven executive officers to a whopping $650,000 from the current $500,000. The news was filled with the U.S. Securities and Exchange Commission late Friday.
In addition to the salary bump the Google executives are also getting new stock options which range between $5 and $20 million each. Interestingly enough CEO Eric Schmidt, and co-founders Sergey Brin and Larry Page declined the 30 percent raise on their $1 a year salaries, but for a very good reason. The three men combined control more than half of Google’s stock, a fortune that totals in the billions.
So who out there wants to work for Google?
Comments are closed on this article
fellowleo
November 14, 2010 at 2:54pm
You do realize that they wanted to give themselves the 30% raise first but then realized that all their lowly workers would get po'ed so they threw them the 10% bone first...
Five Rabbits
November 14, 2010 at 11:36am
Soon to be followed by, Google lays-off 10% of their employees management gets another 30% raise for reducing operating costs.
grieserl
November 14, 2010 at 12:05pm
They can't do that... "Don't Be Evil" Remember?
Yeah we'll see how long that lasts
roninnder
November 14, 2010 at 1:33pm
Yeah you guys are right. Giving everyone in the company a raise is clear proof that these douche bags are evil. I bet they're paying for it by selling babies to cannibals.
timmyw
November 15, 2010 at 8:17am
I was glad to hear that Google gave out raises to its employees.
I was saddened (yet not suprised) when the executives gave themselves three times as much.
Business as usual.
