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Washington (AFP) March 11, 2011 Google has awarded nearly $9 million in bonuses and another $50 million in equity to four top executives of the Internet giant, according to a filing with the US Securities and Exchange Commission. Patrick Pichette, Google's chief financial officer, received a $2.7 million bonus and $15 million in equity while chief business officer Nikesh Arora received a $2.7 million bonus and $20 million in equity. Google's senior vice president for engineering and research Alan Eustace was awarded a $1.8 million bonus and another $10 million in equity, according to the SEC filing. Senior vice president for product management Jonathan Rosenberg received a $1.7 million bonus and $5 million in equity. Google's outgoing chief executive Eric Schmidt and co-founders Larry Page and Sergey Brin did not receive any additional compensation. Page is to replace Schmidt as Google's CEO in April. Google announced plans in January to give Schmidt $100 million in stock and stock options.
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Senate panel to look into Google and Web searchWashington (AFP) March 11, 2011 The US senator who chairs the subcommittee on anti-trust issues has announced plans to examine Google's "dominance" of the Internet search market. Herb Kohl, a Democrat from Wisconsin who chairs the Senate Judiciary Committee's Subcommittee on Antitrust, Competition Policy, and Consumer Rights, put online search on the agenda for the new session of Congress. Kohl said the subcommittee pl ... read more |
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