Posted on 03/04/2009 7:42:07 AM PST by george76
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 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.
(Excerpt) Read more at contracostatimes.com ...
So what?
The Mountain View-based company's market value plunged by about $120 billion, or 56 percent last year
And how much did AP work on making Google successful, huh? Is this not Google's business? Liberals have a special love of breaking the 10th Commandment.
“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.”
They most likely are getting what they voted for. This mess could start to turn with a quarter with the right leadership and stimulus actions (and I don’t mean gov spending either).
Why is this even public information?
Last I looked, Google is highly profitable.
I don’t care for the politics of the founders, but what they pay themselves and their executives is none of my business. It’s up to them, their BOD, and their shareholders to decide.
This class warfare stuff is out of control.
Doesn’t seem unreaasonable to me.
As long as they aren’t asking me for money I don’t care what they do with thier money.
start to turn within a quarter, that is.. :)
>> Why is this even public information?
Because they are a publicly traded company, and information on executive compensation is information investors should know.
Google is on Obama’s “approved” list...
It's their company, they can give em a billion for all we should care
Can everyone say wealth envy?
Hell, you better not eat that "hot meal" tonight, let alone enjoy it. After all someone somewhere is going hungry.
What Google pays its employees is no one’s business but the shareholders.
;->
I agree with you, but it is rather funny to watch liberals attack liberals.
Google execs among big donors to inauguration from The San Francisco Chronicle reports that several of Google’s top executives have donated significant amounts towards Obama’s inauguration galas, dinners and receptions.
The max allowed contribution is $50,000. A total of six Google executives gave $150,000 in total to the special day. CEO Eric Schmidt, co-founder Larry Page and YouTube co-founder Chad Hurley all contributed $25,000 individually. Plus former Google manager Chris Sacca contributed $50,000.
I quit using Google when I found out they were leftest.
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