Google agrees bumper pay deal for Morgan Stanley exec

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Google agreed to pay new Chief Financial Officer Ruth Porat more than $70m after she takes the post in May, putting her among the highest-paid CFOs in the industry.

Bloomberg News reports that Porat, who held the same role at Morgan Stanley, will get a $5m one-time signing bonus and a $25m stock grant this year that will vest through 2017, the technology company said in a regulatory filing Thursday.

She will also receive a $40m biennial stock grant in 2016 that will vest by 2019 and a base salary of $650,000 annually.

Porat is replacing Patrick Pichette, who said this month that he would step down. She will leave Morgan Stanley in April and assume her new position on May 26.

To access the complete Bloomberg News article hit the link below:

Google Agrees to Pay New CFO Ruth Porat $70 Million by 2016

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