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.
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.