From Red Herring story:
How else do you explain fat cash bonuses for execs?
Google is instituting a cash incentive plan to encourage senior executives to meet financial goals.
It’s a “program designed to motivate participants to achieve the company’s financial and other performance objectives and to reward them for their achievements when those objectives are met,” Google wrote in documents filed Thursday with the U.S. Securities and Exchange Commission.
The maximum bonuses to be awarded, assuming objectives are met, would be $3 million. Google plans to pay bonuses annually in February.
Word. Options have lost luster at Google. And for many mature dot-coms. Is the lack of golden handcuffs in the market creating more free agents? I think so. Is that driving up wages to retain experience? Yep.
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