Google to pay new CFO $70 million...and only $7,500 to move to California

 By 
Seth Fiegerman
 on 
Original image replaced with Mashable logo
Original image has been replaced. Credit: Mashable

Ruth Porat has at least 70 million reasons to leave her job on Wall Street.

Google has agreed to pay Porat, its new CFO, about $70 million in total compensation by 2019, according to an SEC filing on Thursday. That includes a $5 million signing bonus, a $25 million new hire grant that begins vesting at the end of this year and a $40 million biennial grant beginning in 2016.

Porat will also get a modest $7,500 to relocate to Google's Mountain View headquarters.

Her base salary at Google is $650,000, according to the filing.

Google announced earlier this week that it is hiring Porat from Morgan Stanley, where she held the same title and was, according to media descriptions, a "tireless worker". She replaces Patrick Pichette, a longtime Google executive, who retired with a candid memo about work/life balance.

The pay package represents a nice raise for Porat, who received $12 million in total compensation from Morgan Stanley in 2013, the most recent year for which numbers are available.

Pichette, who earned $38.7 million in compensation in 2012 and saw his compensation drop sharply to $5.1 million in 2013. Most recently, he reportedly has unvested stock options in Google worth $14 million at the company's current stock price.

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