Sprint announced on Friday that it has appointed former Google executive Nikesh Arora to the company’s board of directors. Arora worked at Google for a decade, leaving his post as Senior Vice President and Chief Business Officer in August to become Vice Chairman and CEO of Internet and Media at SoftBank, the parent company of Sprint.
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Googler Patric Pichette
In a filing with the SEC today, Google has revealed that it will be giving three of its top executives bonuses of more than $3 million. Co-founder and CEO Larry Page will not be awarded a bonus, nor will co-founder Sergey Brin. The two co-founders also take a salary of $1 a year, as their wealth is tied almost entirely into Google stock.
Chief Business Officer Nikesh Arora will be receiving a $3.5 million bonus, up from $2.8 million last year. Chief Legal Officer David C. Drummond will receive a bonus of $3 million, down slightly from the $3.3 million he was paid last year. Finally, Chief Financial Officer Patrick Pichette’s bonus increased to $3 million from $2.8 million.
Last month, Google announced that it had paid Eric Schmidt $6 million in cash and given him $100 million in restricted stock.
The bonuses issued to Arora, Drummond, and Pichette will be paid out on March 14th.
Last night, it was reported that Motorola CEO Dennis Woodside would be stepping down from his position to become the chief operating officer at cloud storage company Dropbox. Woodside has now confirmed this decision in a blog post on the Official Motorola Blog, saying that he will step down as CEO at the end of March.
Woodside goes on to announce that Jonathan Rosenberg, who was the SVP of Products at Google from 2002 until 2011, will step in as COO at Motorola Mobility on April 1st. Rosenberg worked closely with Woodside and was “intimately involved” with decisions at Motorola. Google Chief Business Officer Nikesh Arora will remain Executive Chairman of the Motorola Operating Board and continue to oversee strategy at the company. It looks as if Motorola will be going without a CEO after Woodside leaves, leaving Lenovo with a lot of control.
Woodside says he is leaving Motorola Mobility “in great hands” and that he is immensely proud of what the company has accomplished in the past 18 months. He also notes that he is excited for the next chapter for the company under Lenovo, who purchased it for $3 billion last month.
Dropbox CEO Drew Houston has also issued a statement on the news.
“We’ve long admired Dennis’s leadership at Google and Motorola where he ran multi-billion dollar businesses and built amazing organizations around the world. We’re so happy to welcome Dennis to our team — I can’t imagine a better person to help us bring Dropbox to global scale.”
Read the full resignation letter after the jump:
Beginning at 4:30PM EST, we’ll be getting the full break-down of Google’s earnings for the third fiscal quarter. In an odd turn of events, Google released its earnings early this afternoon due to a screwup with its SEC filing. The screwup caused Google to close down its stock for the better part of the afternoon, causing a steep drop. Google may discuss the situation on the call… stay tuned after the break:
Check up on Google’s numbers from earlier this afternoon.
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