London,March 27: Google said in a regulatory filing that it will be paying newly appointed CFO Ruth Porat a base salary of USD 650,000 a one time bonus of USD 5 million after one year, plus a USD 25 million new hire grant and a USD 40 million biennial grant. The total comes to more than USD 70 million over the next two years. Porat will join Google on 26 May.
Google paid outgoing CFO Patrick Pichette, who announced his retirement earlier this month, USD 62.2 million for the three years through 2013, Recode reported. Google said it wanted to stop annual cash bonuses for senior vice presidents next year and shift to a system that includes annual base salary and biennial equity grants.