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Google's Eric Schmidt gets major payday in the form of a $6 million bonus

Google doles out $12+ million in executive bonuses, founders take no bonus

Charles Gantt | Mar 13, 2013 at 8:48 am CDT (0 mins, 44 secs time to read)

In a regulatory filing made on Tuesday, Google has disclosed what bonuses some of its high ups received for the 2012 fiscal year. At the top of the list is Executive Chairman Eric Schmidt who received a reported $6 million cash bonus.

Google's Eric Schmidt gets major payday in the form of a $6 million bonus | TweakTown.com

Other notability large bonuses include CFO Patric Pichette who earned a $2.8 million bonus, and CLO David Drummond who took home a cool $3.3 million in extra cash. Rounding things out is Google's CBO, Nikesh Arora, who received a $2.8 million bonus. Google says that all the bonuses are given in recognition for contributions to the company's performance last year.

Google co-founder and current CEO, Sergey Brin took no bonus this year, following in the footsteps of Larry Page, the other co-founder of the search giant. Schmidt's massive bonus came on the heels of reports that he will be selling off roughly $2.5 billion of his stake in Google.

Last updated: Apr 7, 2020 at 11:33 am CDT

NEWS SOURCE:online.wsj.com
Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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