Google Management: A Midas Touch for Some. Others? Nah.
January 31, 2022
There is nothing like great management in action. This recent pair of moves from Google, however, is anything but. Insider reports, “Google Boosted Base Pay for 4 Top Execs to $1 Million and Handed Them up to $34 Million in Stock, Weeks After Employees Raised Concerns About Pay and Inflation.” In this time of rapidly rising prices, one might ask, shouldn’t the company grant cost-of-living increases to all? Don’t be silly—if the executives paid workers enough to keep up with the costs of food and fuel, they would not have as many millions to sprinkle across the C-suite. Writer Martin Coulter tells us:
“According to a summary of executive salaries disclosed in SEC filings, the four Google execs — chief financial officer Ruth Porat, senior VP Prabhakar Raghavan, chief business officer Philipp Schindler, and legal chief Kent Walker — will see their annual salaries bumped from $650,000. All are also eligible for a $2 million bonus if they help Google to meet its ‘social and environmental goals’ for 2022. … As well as their increased annual pay, the executives were granted millions of dollars’ worth of performance and restricted stock units, which variously vest at different times and depend on the execs sticking around.”
Those stock units total $23 million for two of the four executives and $34 million for the other two. These lavish terms follow yet another very profitable quarter for the company. During those three months it took in over $65 billion, nearly $20 billion of which was pure profit. It seems Google believes only the top brass is responsible for these gains—what would rank-and-file workers have to do with it?
Having their request for pay commiserate with inflation rebuffed is but the latest grievance for Google workers. In The Verge’s piece, “Google Will Pay Top Execs $1 Million Each After Declining to Boost Workers’ Pay,” writer Jay Peters points out:
“The raises were also given as Google is embroiled in a legal battle with employees over charges that they were illegally fired in 2019. The employees are planning to call one of the recipients of a new $1 million salary, Kent Walker, to testify as an adverse witness. Employees are also reportedly dissatisfied with the company’s seemingly different remote work policies for higher-ups. In July, senior vice president for technical infrastructure Urs Hölzle announced he was moving to New Zealand, which two employees told CNET was emblematic of a double standard for executives.”
Google’s management methods are remarkable and well matched to the company’s objectives. The employees’ objectives? Hmmm.
Cynthia Murrell, January 31, 2021
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