Google and its stockholders fared well last year. The company's earnings climbed 20 percent from the previous year to $12.9 billion and its stock price gained 58 percent. The Standard & Poor's 500 index increased by 30 percent last year.
The Associated Press formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year. The AP formula does not count changes in the present value of pensions, a benefit that Google and most other technology companies don't provide.
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