Google's new CFO gets $70 mn for defecting from Morgan Stanley

The lucrative package underscores how much Google prizes Porat, who is seen to be among the most powerful women on Wall Street

Ruth Porat
Ruth Porat. Picture Courtesy: Wikipedia
APPTI San Francisco
Last Updated : Mar 27 2015 | 12:39 PM IST
Google's new chief financial officer, Ruth Porat, is being paid more than $70 million for defecting from the same job at investment bank Morgan Stanley.

The lucrative pay package disclosed in a regulatory filing yesterday underscored how much Google prized Porat, who is considered to be among the most powerful women on Wall Street.

Porat, Morgan Stanley's CFO since 2010, will start her new job May 26. Shortly after her arrival, Google will award her stock valued at $25 million and then dole out another bundle of stock worth $40 million next year.

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Google Inc. Also is giving Porat a $5 million signing bonus to supplement her starting salary of $650,000.

Morgan Stanley paid Porat a $1 million salary in 2013 as part of a $10.1 million pay package.

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First Published: Mar 27 2015 | 12:34 PM IST

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