Comments on: Google Gets Its CFO. He Gets His Payday.

By: techzod

techzod — Sun, 23 Nov 2008 07:51:56 +0000

haha, he just lost 50% of his stock options

By: » google are un nou contabil sef in persoa … Sufla.ro

» google are un nou contabil sef in persoa … Sufla.ro — Sun, 29 Jun 2008 17:30:08 +0000

[...] google are un nou contabil sef in persoana lui Patrick Pichette [...]

By: 高管薪酬：谷歌新财务总监的1000万美金收入 | 猎头看世界

高管薪酬：谷歌新财务总监的1000万美金收入 | 猎头看世界 — Sun, 29 Jun 2008 06:58:24 +0000

[...] 图片来自TechCrunch 谷歌给他的最少收入是$9,569,686，如果任职四年并且完成所有的指标，还会有额外收入…现在他需要拿到一个美国的工作签证…他是牛津毕业的，不会有很多麻烦… [...]

By: 谷歌CFO四年1000万美元收入？如果他可以得到一个绿卡 G日报

谷歌CFO四年1000万美元收入？如果他可以得到一个绿卡 G日报 — Sun, 29 Jun 2008 05:57:45 +0000

By: sky

sky — Fri, 27 Jun 2008 15:35:08 +0000

Yes. Definitely Fred Rogers.

By: PFarrell

PFarrell — Fri, 27 Jun 2008 14:44:52 +0000

@19: You read my mind. First think I thought was, id Google cloning Fred Rogers now?

By: John

John — Fri, 27 Jun 2008 08:01:35 +0000

That should be enough to buy a new suit and tie. He needs it.

By: Steve

Steve — Fri, 27 Jun 2008 06:19:08 +0000

I believe your math may be off. His bonus is 150% of his annual salary. 150% target bonus rate = 450k * 150% = 675k. Your number of 1.125M is 450k * 250%, which would be his total salary.

By: ZARC

ZARC — Fri, 27 Jun 2008 02:09:24 +0000

Anyone else think he looks like Mr. Rogers?

By: TechCrunch Japanese アーカイブ » Googleに新CFO誕生。大金を獲得。

TechCrunch Japanese アーカイブ » Googleに新CFO誕生。大金を獲得。 — Fri, 27 Jun 2008 00:03:28 +0000

[...] [原文へ] [...]

By: Uncle Sam Sez

Uncle Sam Sez — Thu, 26 Jun 2008 22:18:50 +0000

$500,000 Bonus! Great, that’s taxable at 40% – So net, is really $300,000.
Then after the 6-Month “Feeling Around Period” — Taxed again at 40% $300,000.

This is definitely above the minimum wage tax bracket — so, Yes, I’ll take a bit more for the $450,000 base yearly salary too…..Oh, & don’t forget the fact that I’m going to take some of your interest gains on your stock as well….
Hmmm, what else do I want……
Even after all this, Pichette will still be able to live good
All for a bit of number crunching…..and he probably won’t even be doing that himself……

By: NICCAI

NICCAI — Thu, 26 Jun 2008 20:51:40 +0000

Compensation makes for a catchy title, but let’s dig a little deeper and discuss that this guys entire past experience has been with telcos and telco consulting. To me, that is the real story developing.

By: Righteous Marketing

Righteous Marketing — Thu, 26 Jun 2008 20:48:17 +0000

In the fallout of Enron and Worldcom this shouldn’t surprise anyone. C-level executives, especially the CFO and CEO, sign off on the financial statements each year. This means they are legally responsible for the accuracy of those statements. If anything goes wrong they can end up in jail.

PS Don’t forget that he’ll be handling BILLIONS of dollars. You really need to compensate a guy well or he’ll go Office Space on you and siphon off a lot of money in a hurry.

By: Joseph Hunkins

Joseph Hunkins — Thu, 26 Jun 2008 20:41:43 +0000

companies give out rewards when they’re desperate to hire or retain, and otherwise the folks in charge keep the cash to themselves. Nothing new there.

Nicely put….though I think a simplication. There are also stock issue and a very market-inefficient board incentive factor where boards tend to reward other key players so they will reciprocate. This is the kind of thing people like Carl Icahn correctly bitch about, and in his case profit from. I see no reason to think that is happening here though, and agree with that’s all that this is not excessive by any means assuming the guy is going to be a “great” CFO for Google’s massive hoards of money and potential stock and money liabilities.

By: Risk is Overstated

Risk is Overstated — Thu, 26 Jun 2008 20:20:11 +0000

Unless the risk is 100x greater (e.g., the startup pays you 1/100th your usual salary, or you’re 100x more likely to be eaten by a crocodile) then it’s disproportionate. I do believe the statements of “risk” are pretty tired at this point. Having done both startups and non-startups, I’ve seen that the startup is hardly a risk in any conventional sense of the word. There’s just more variability in the potential outcome.

In actuality, it’s quite simple: companies give out rewards when they’re desperate to hire or retain, and otherwise the folks in charge keep the cash to themselves. Nothing new there.

By: Prashant

Prashant — Thu, 26 Jun 2008 20:10:45 +0000

BTW $4.3 Mn is quite enough to fund even 100 early stage startups,i suppose..

By: Prashant

Prashant — Thu, 26 Jun 2008 20:08:22 +0000

$1 of base salary to Google founders ???
This company really needs a Better finance guy to look over the salary structure…
Even if they have to pay $4.3 Mn to just one buddy for doing the financial rebalancing,they reaaaaally need him……

By: Risk

Risk — Thu, 26 Jun 2008 19:57:55 +0000

“thats all”- Get a backbone and join an early stage company instead of complaining that you deserve the same for less risk. Idiot.

By: That's All?

That's All? — Thu, 26 Jun 2008 19:34:33 +0000

Am I the only one that finds this on the low end? This guy will be the chief money handler for Google, and yet I’m guessing he’s out-stocked even by the shlump who organized their paperclips in the early days. Seriously, I’d expect that for this top position they’d try to bring him more up to par with the early employees.

Then again, I’m just bitter that the people that work on version 1 of a product (i.e., pre-IPO) make out 100s or 1000s of times better than everyone else that then works on versions 2 through 200. Is only the pre-IPO work valuable?

Wouldn’t it be awesome if us techies all refused to work at post-IPO companies unless we received stock commensurate with the early employees. Holy crap, maybe we need to organize!

By: Michael

Michael — Thu, 26 Jun 2008 19:30:13 +0000

Lucky guy!!

http://easysumm...y.blogspot.com/

By: Nag

Nag — Thu, 26 Jun 2008 19:18:41 +0000

Wow! Nice stocks and nice bonus..

His salary is just twice that of TechCrunch editors, ofcourse with out a Cat. [ lol ]

Cheers, Nag

By: John

John — Thu, 26 Jun 2008 18:53:23 +0000

Is there a pool for how long he lasts? Given the state Bell Canada is in and Google having a substantially different culture – I’m guessing 2.5 years.

By: NickeyD

NickeyD — Thu, 26 Jun 2008 18:45:06 +0000

Not bad. He might be able to afford a decent room in Atherton.

By: Kcire

Kcire — Thu, 26 Jun 2008 18:39:49 +0000

Whose job…

By: 113.com

113.com — Thu, 26 Jun 2008 18:28:54 +0000

Wow… lots of $$$ indeed!!!