Home Business NewsTech News Four Google execs share $15m bonus booty as company fined $7m

Four Google execs share $15m bonus booty as company fined $7m

by LLB Reporter
13th Mar 13 12:03 pm

Alright for some, eh? Four top execs at Google will be sharing $15m (£10m) of bonuses for their performance last year. Executive chairman Eric Schmidt will pocket the largest wad of cash, taking home some $6m.

Co-founders Sergey Brin and Larry Page, who is also CEO, will not take a bonus. They usually take home a $1m (£670,000) salary, the BBC reports. But don’t worry yourself too much about them not being able to make rent this month – Sergey Brin is worth $22.8bn (£15bn), according to the Forbes Billionaires List 2013, while Larry Page is worth $23bn (£15.3bn), making them the 20th and 21st richest people in the world.

So who else is getting the whopping payouts from the world’s second-most-visited website? Google’s top lawyer David Drummond will get a bonus of $3m (£2m), and its CFO Patrick Pichette and CBO Nikesh Arora both get $2.8m (£1.8bn).

Meanwhile, Google was yesterday forced to pay out $7m (£4.7bn) for collecting people’s personal data without their permission via its Street View service. The settlement was made with 38 US states for data taken from people’s home wireless networks between 2008 and 2010.

Google said of the settlement: “We work hard to get privacy right at Google. But in this case we didn’t, which is why we quickly tightened up our systems to address the issue,” the firm said in a statement.

“The project leaders never wanted this data, and didn’t use it or even look at it. We’re pleased to have worked with Connecticut Attorney General George Jepsen and the other state attorneys general to reach this agreement.”

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