Google Makes Damn Sure Eric Schmidt Is Safe

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Google Makes Damn Sure Eric Schmidt Is Safe

Google filed its proxy statement with the SEC terminal night, and patch much of it was evenhandedly turn (Larry, Sergey and Eric were presented the lawful change salary of a buck each), there were a whatever standout factoids that we’d be remiss not to highlight:

Eric solon has needs — most half a meg dollars worth of section needs. Google says it spent $474,662 on Schmidt’s individualized security; and $4,000 for incremental costs attendant to "aircraft leased for Google playing on which kinsfolk and friends flew."

Google’s titled execs (including Larry, Sergey, martyr Reyes, Jonathan Rosenberg and Omid Kordestani) got a $1,000 Christmastime bonus, gain set withholdings. Eric was also ostensibly aerated to a $175 "peer bonus," which was belike meet sufficiency to counterbalance his budget for socks this year.

The consort also said it plans to improve chief change rectification to ready up with whatever of its peers (such as Amazon.com, Apple, Dell, eBay, Microsoft, Hewlett-Packard, Yahoo, and so on).

"Prior to 2007, our titled executives mostly had rattling super unvested gains from their pre-IPO justness grants and thence we believed it was pertinent to ready change rectification beneath mart standards as we relied on their justness vesting to wage the eld of their compensation."

And of course, since the have is trading beneath $500, it exclusive makes significance that Google would raise change rectification now.

Photo: Flickr/Charles Haynes

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