Google will pay top execs $1 million each after declining to boost workers’ pay
Photo by Joe Scarnici/Getty Images for Fortune Google is giving four of its top execs a significant pay bump, raising their salaries from $650,000 to $1 million, just weeks after the company told staffers it wouldn't automatically adjust salaries to account for inflation. The new executive salaries were disclosed in an SEC filing.
The executives receiving the $1 million base salaries are chief financial officer Ruth Porat, senior vice president Prabhakar Raghavan (who is in charge of Google search); senior vice president and chief business officer Philipp Schindler; and president of global affairs and chief legal officer Kent Walker. All four executives are eligible to participate in a maximum $2,000,000 annual bonus program, based on contributions to Google's performance against...