Google Execs Get Millions In Equity Awards For 2011; Brin, Page, Schmidt Keep $1 Salary

Four of Google’s highest-ranking executives will soon pick up equity awards valued at more than $50 million total, as well as 30% pay raises for 2011. Co-founders Sergey Brin and Larry Page, along with CEO Eric Schmidt, will continue to collect $1 salaries, as they’ve been doing for many years.

According to a new SEC filing, Patrick Pichette (Senior Vice President and Chief Financial Officer) and Nikesh Arora (President, Global Sales & Business Development) will each get a $20 million equity award on December 1st. Alan Eustace (Senior Vice President, Engineering & Research) will get a $10 million equity award, and Jonathan Rosenberg (Senior Vice President, Product Management) will get a $5 million award. Equity awards are given in the form of stock options.

That same group of four executives is also getting matching pay raises of $150,000 for 2011 — increasing their salaries 30%, from $500,000 to $650,000 per person. Google is also raising the target bonus percentage for all four from 150% to 250% of base salary, which could add another $1.625 million for each if personal and company goals are met next year (and if my math is correct).

CEO Eric Schmidt and co-founders Sergey Brin and Larry Page will each take $1 salaries in 2011, and none of the three are getting equity awards. They’ve also declined to take part in the executive bonus plan.

The SEC filing is dated November 8, 2010 — this past Monday. That’s the day before news spread about Google giving employees a 10%, across-the-board pay raise next year, along with holiday bonuses and other financial considerations.

(tip via Gary P.)

Related Topics: Channel: Industry | Google: Business Issues | Google: Employees | Top News


About The Author: is Editor-In-Chief of Search Engine Land. His news career includes time spent in TV, radio, and print journalism. His web career continues to include a small number of SEO and social media consulting clients, as well as regular speaking engagements at marketing events around the U.S. He recently launched a site dedicated to Google Glass called Glass Almanac and also blogs at Small Business Search Marketing. Matt can be found on Twitter at @MattMcGee and/or on Google Plus. You can read Matt's disclosures on his personal blog.

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