Google's New CFO Gets $70Mn For Defecting

Pichette, who is retiring, started out with a $450,000 salary when he became Google's CFO in 2008 and received $1 million in bonuses. Google gave Pichette less stock than the company is giving Porat, though the company didn't specify the value of Pichette's award at the time of his hiring.

Porat is highly regarded for steering Morgan Stanley through the aftermath of the financial meltdown that triggered the Great Recession. Analysts have applauded Google for landing Porat as its CFO, partly because they are hoping she will bring more financial discipline to a company that has a penchant of spending heavily on projects, such as driverless cars and medical research, that have little to with its main business of search and advertising.

Investors also think that with Porat overseeing the company's finances, there is a better chance that Google might dip into its $64 billion cash pile to pay a dividend or buy back shares to boost its stock price.
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