Google Inc will pay Finance Chief Patrick Pichette a $3 million annual bonus, and Chief Business Officer Nikesh Arora a US$3.5 million bonus, a slight increase from the previous year, following a year in which the Internet company's stock surged nearly 60 percent.
Google Chief Executive Larry Page and co-founder Sergey Brin will receive no bonus, the company said Monday in a filing with the U.S. Securities and Exchange Commission, continuing the founders' practice of not taking a bonus. Page and Brin, who are each paid a US$1 a year in salary, have a large portion of their personal wealth tied directly to Google's stock.
Google's shares shot up 58 percent in 2013, breaking the US$1,000 mark for the first time and outpacing the Nasdaq's 38 percent gain for the year.
Google Chief Legal Officer and head of Corporate Development David Drummond will receive a US$3 million bonus, Google said. Drummond's bonus last year was US$3.3 million.
Pichette and Arora each collected bonuses of $2.8 million last year.
In February, Google said it would pay Executive Chairman Eric Schmidt a US6 million discretionary cash bonus and awarded him US$100 million in restricted stock units.
Shares of Google finished Monday's regular session down 0.3 percent, or US$3.22, at US$1,211.57.
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