RSS
Google New CFO Starts Job At $4 Million
By Reshma Kumar at June 26, 2008 0 Comments
Google’s new CFO has already taken care of finances (for himself) even before he starts his new job on August 1. Patrick Pichette, who was previously the president of operations at Bell Canada will take over from George Reyes.
Pichette will be getting:
1) Signing bonus $ 500,000
2) Six month bonus $ 500,000
3) Base salary $ 450,000
4) Regular bonus $ 675,000
5) 910 Google shares $ 500,000 ($549 x 910)
6) 910 Google shares $ 500,000 ($549 x 910)
7) 5,556 Restricted shr $3,052,747*
11,112 Stock option $6,105,494*
*based on offer date
As well as Relocation fees and other benefits offered to Google employees.
George Reyes had a total compensation of $5.1 million in 2007. According to Wikipedia Reyes’s brother is Greg Reyes former CEO of Brocade. On August 7, 2007 Greg Reyes was convicted of stock manipulation and sent to prison. On August 28, 2007, George announced the resignation from this post at Google.
You can view the entire filing with the SEC here.
