Every Googler Gets a Raise – Management Gives Themselves a Bigger Raise To Celebrate

Posted 11/14/2010 at 11:22am | by Justin Kerr

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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?