Google pays seven-figure bonuses to 4 top execs

By
March 4, 2009 01:14

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Four of Google Inc.'s top executives each received 2008 bonuses of more than $1.2 million for helping the Internet search leader eke out modest earnings growth during a recession that battered much of corporate America. The bonuses disclosed in a regulatory filing Tuesday were less than the awards doled out in 2007 when Google's profit rose 37 percent, dwarfing 2008's gain of 1 percent. The Mountain View-based company's market value plunged by about $120 billion, or 56 percent last year, reflecting concerns that the weakening economy will eviscerate the online advertising market that generates virtually all of Google's revenue. Google Chief Executive Eric Schmidt gave investors little hope Tuesday. Speaking at a technology conference, Schmidt described the conditions in the economy as "dire" and predicted things were unlikely to improve until 2010.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS