Wouldn’t you like to work at Google?! Executives there were given $9.5 million in cash bonuses for 2013, according to a Google filing with the Securities and Exchange Commission.
Of course, the bonuses didn’t go to everyone. Google’s chief financial officer, Patrick Pichette, had his bonus increased to $3 million from $2.8 million, reports The Wall Street Journal. Chief Business Officer Nikesh Arora got a $3.5 million bonus, an increase from last year’s $2.8 million, and Chief Legal Officer David C. Drummond received a bonus of $3 million. The African-American exec saw his bonus drop from down from $3.3 million in the prior year.
Chief Executive and co-founder Larry Page and co-founder Sergey Brin didn’t receive cash bonuses.
“Last month, Google disclosed in a regulatory filing that it awarded $100 million in restricted stock to Executive Chairman and former CEO Eric Schmidt, as well as a cash bonus of $6 million,” reports WSJ. He had also earned a $6 million cash bonus last year that was tied to the company’s fiscal 2012 performance.
Bonuses will be issued on March 14, according to the filing.
Google is doling out bonuses even though many in the industry say the move toward using mobile devices to access the in Internet instead of desktop computers will hurt the firm’s money-making search business.
Despite concerns, Google’s doing well for the time being. Its shares rose 46 percent in the last 12 months.
Separately but related, Google is rolling out a new look for its searches and ads, as you may have noticed. This desktop redesign catches up with the look that was introduced for the mobile platform a few months back. Mashable says it’s an effort to make things uniform across platforms.