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Google's Top Executive Nikesh Arora Takes $8mn in Lieu of Stocks
Arora, who is in charge of the revenue operations as well as marketing and partnerships of Google, received some new stocks and grants last month. But, he took an amount of $4.7 million (‘Cancelled Awards’ payment), plus a bonus of $3.3 million, instead of the stock.
If Arora leaves the firm or is chucked out before April 25, 2015 that is before the date the stock would have vested he will have to return the money.
The leadership development and compensation committee of Google's board approved the new payment package last week. Google did not comment on the reason for this sudden shift; from stock to cash payment.
Arora, who is with Google for the past many years, has been successful in building the European operations of the company into a significant one. He was appointed to the post of global ad sales boss in the year 2009.
Prior to joining Google, Arora served as the chief marketing officer and a member of the management board at T-Mobile. He has also worked for Deutsche Telekom, Putnam Investments, and Fidelity Investments.