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Google will pay 70 mn dollars to its new CFO Ruth Porat


Washington, March 27 : Google has reportedly agreed to pay its new CFO, Ruth Porat, about 70 million dollars in total compensation by 2019.

An SEC filing revealed on Thursday that the package would include a five million dollar signing bonus, a 25 million dollar new hire grant that begins vesting at the end of this year and a 40 million dollar biennial grant beginning in 2016, reported Mashable.

Her base salary at Google would be 650,000 dollars, the filing disclosed.

Porat will also get 7,500 dollars to relocate to Google’s Mountain View headquarters.

The news came after Google announced earlier this week that it is hiring Porat from Morgan Stanley, where she held the same title and was touted to be a “tireless worker.”

She would replace Patrick Pichette, a longtime Google executive, who retired with a candid memo about work/life balance.

The compensation offered by Google represents a lucrative raise for Porat, who received 12 million dollars in total from Morgan Stanley in 2013.



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