The image was taken by Joe Scarnici for Fortune.
The salaries of four of the company's top execs have been raised from $650,000 to $1 million, just weeks after the company told staffers it wouldn't automatically adjust salaries to account for inflation. The salaries of the new executives were disclosed.
The top executives at the company are receiving $1 million in base salaries, which includes Ruth Porat, who is the CFO, and Philipp Schindler, who is the business officer. According to the filing, all four executives are eligible to participate in a maximum $2,000,000 annual bonus program, based on contributions to the company's performance against social and environmental goals. Each person has been given stock awards with a target value of millions of dollars.
In October, it posted its fifth quarter in a row of record profits. In December, the vice president of compensation for the company told workers that the company wouldn't make broad salary adjustments to account for the rising inflation rate in the US.
The raises were given as the company is in a legal battle with some of its employees. Kent Walker, one of the recipients of a new $1 million salary, is going to be called to testify by the employees. Employees are unhappy with the company's remote work policies. Two employees at the company said that the decision by senior vice president for technical infrastructure Urs Hlzle to move to New Zealand was indicative of a double standard for executives.
