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Google paying bonuses totaling $15M to 4 top execs

[March 13, 2013]  SAN FRANCISCO (AP) -- Google is paying nearly $15 million in bonuses to four of the Internet company's top executives for their performances last year.

Documents filed Tuesday disclosed that Eric Schmidt, executive chairman, will get the biggest award at $6 million to supplement his estimated fortune of $8 billion. Schmidt served as Google Inc.'s CEO for a decade until he turned over the job to company co-founder Larry Page nearly two years ago.

Neither Page nor fellow co-founder Sergey Brin will get a bonus. That's been their custom since Google went public in 2004. The two men are each worth about $23 billion.

Google is paying a $3.3 million bonus to its top lawyer, David Drummond. Two other key executives, Patrick Pichette and Nikesh Arora, are each getting bonuses of $2.8 million.

[Associated Press]

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