Google Inc. Awards $106 Million Bonus to Eric Schmidt

In recognition to the Executive Chairman’s contribution to company’s performance, Google awarded a $100 million worth of equity to Eric Schmidt, and an addition of $6 million cash bonus. The cash bonus will be paid on February 14.

Eric Schmidt

Google Awards $106M in Stock to Eric Schmidt

Mr. Schmidt’s compensation had totaled $7.6 million in 2012 which included a $ 6 million bonus and a base salary of $ 1.3 million, which also vests over four years, starting January 2011.

Previously in 2011, Google gave all of its employees a $ 1000 cash holiday bonus and an increase in salary by at least 10% taking effect from January 2011. A nice gesture, Google knows how to keep its employees happy and surely is an amazing place to work. It is also a strong hint towards the company’s strong intensifying financial performance.

Shares of California based Google have raised about 61% since the beginning of 2013.

Five companies with the largest cash holding are Microsoft, Cisco, Apple, Google and Pfizer with a combined $ 247 billion in cash. Microsoft’s cash reserves at $ 76.2 billion and Cisco has 50.6 billion in cash in the coffers.

Christy Gren
Christy Gren is an Industry Specialist Reporter at Industry Leaders Magazine she enjoys writing about Unicorns, Silicon Valley, Startups, Business Leaders and Innovators. Her articles provide an insight about the Power Players in the field of Technology, Auto, Manufacturing, and F&B.

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