Google Handing Out $15 Million in Cash Bonuses to Four Top Execs

Eric Schmidt Google CEO
Odd Anderson/AFP/Getty Images

Google CEO, Dr. Eric Schmidt gestures during his keynote speech at the 50th edition of "IFA" in Berlin, September 7, 2010. IFA, the world's largest consumer electronics and home appliances runs from September 3 to 8, 2010.

Chairman Eric Schmidt will get $6 million, which represents the biggest chunk of the bonus money.

Google on Friday will pay just shy of $15 million in cash bonuses to four executives, the Internet-search giant said in a regulatory filing Tuesday.

Chairman Eric Schmidt will get $6 million, which represents the biggest chunk of the bonus money, while chief legal counsel David Drummond is next with $3.3 million.

Getting $2.8 million apiece are CFO Patrick Pichette and chief business officer Nikesh Arora.

Not getting bonuses are co-founders Sergey Brin and Larry Page. Page has also been CEO since Schmidt relinquished that post two years ago. The pair's estimated worth is $23 billion apiece.

Google said the payments to the execs are "in recognition of their contributions to performance in fiscal year 2012."

Google shares rose 10 percent last year. On Tuesday, they fell 1 percent to $827.61.