Google's Bonus Bonanza, May give $4.6 Million bonus to Executive Officers

Google's Board of directors approves a plan that can pay its executive officers a maximum bonus of $4.6 million dollars except for three guys in the picture.

Forget the $460 per share stock price. Google's executive officers can expect to reap a whopping $4.5 million bonus if they hit certain milestones for fiscal year 2007, according to Google's recent filing with the Securities and Exchange Commission. Google's Board of Directors approved an Executive Bonus Plan, which will allow them to pay a big bonus to all of their executive officers except Eric Schmidt, the CEO of Google, Larry Page and Sergey Brin. The maximum bonus that Google can pay these executive officers are $4.5 Million dollars each, if these officers meet the plan's goals or milestones. This plan is based on a formula that will depend on the operating income of Google, particularly the Google's non-GAAP operating income. Non-GAAP operating income is defined as operating income minus stock-based compensation and the plaintiffs' attorneys' fees For Google executives, that is a big carrot stick, which they can achieve with minimum effort with the way Google is going, all they have to do just roll with it. With the current stock price at $460, it will be like 10,000 shares of Google Stock, which is still a strong buy in the Financial market. Article doesn't say how the workers will fare in this bonus plan, I am sure they will get a bigger bonus than other companies.