Google has said it would pay its new Chief Financial Officer, Ruth Porat, more than USD70 million through a combination of restricted stock units and a biennial grant.
The company hired Morgan Stanley CFO Porat as its finance chief earlier last week, a sign it is aiming to rein in costs as it invests in new businesses such as self-driving cars and Internet-connected eyeglasses.
Porat’s compensation package includes a grant of USD25 million through restricted stock units, a USD40 million biennial grant in 2016 and a special one-time USD5 million sign-on bonus, Google said in a regulatory filing on Thursday.
(Source: The Sydney Morning Herald Online )