26-03-2015 23:30 via uk.news.yahoo.com

Google to pay CFO Porat more than $70 mln in 2 years

(Reuters) - Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million (47 million pounds) in the next two years through a combination of restricted stock units and a biennial grant. The company hired Morgan Stanley CFO Porat as its finance chief earlier this week, a sign it is aiming to rein in costs as it invests in new businesses such as self-driving cars and Internet-connected eyeglasses. Porat's compensation package includes a grant of $25 million t
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