Google is making sure its employees are happy, especially since the competition for skilled employees is getting stiff between big tech companies.
While the likes of Facebook and Google battle mostly over engineers, the people at top are just as or even more valuable, so Google is taking no chances. Four big-name execs at the company are getting generous cash and stock bonuses for 2011.
According to a SEC
filing, Nikesh Arora, Patrick Pichette, Alan Eustace and Jonathan Rosenberg have
several million more reasons to stick around at Google.
Nikesh Arora, Google's chief business officer, will be getting $20 million in equity awards and $2.7 million in cash. Patrick Pichette,Google's CFO is getting $15 million in stock and $2.7 million cash.
Alan Eustace SVP of engineering and research is receiving $1.8 million in cash bonuses and $10 million in stock options. Finally, Jonathan Rosenberg, SVP of product management gets $1.8 million in cash and $5 million in stock.
As usual, the three men at the very top, CEO and Chairman Eric Schmidt, Larry Page and Sergey Brin, Google's triumvirate, will not be receiving any cash or stock bonuses.
Of course, all three are billionaires so money is not really an issue for them. What's more, Eric Schmidt, who will be stepping down as CEO in about a month, has already received a $100 million stock grant at the start of the year.
Not that anyone at Google has reason to be dissatisfied, everyone got a
10 percent raise on their base salaries at the end of the year, along with a $1,000 holiday bonus.
But Google can certainly afford it, it's a very profitable business and revenue along with income are increasing at a healthy rate. In fact, Google is looking to hire
thousands more people this year making 2011 the biggest bump in new employees yet.