By Stephen NakrosisAnat Ashkenazi, the new chief financial officer for Google and parent company Alphabet, is slated to receive a signing bonus of $9.9 million and an annual base salary of $1 million. She served as CFO at Eli Lilly since 2021. Ashkenazi will be eligible for an annual bonus of up to 200% of annual salary, as well as new hire time-based equity and new hire performance-based equity, Alphabet said. Research analysts covering Eli Lilly praised Ashkenazi's track record of prioritizing spending on research and development while managing investors' expectations about financial results. At Alphabet, Ashkenazi will face similar challenges in allocating capital across competing projects and business lines, analysts said.

Source: Wall Street Journal June 07, 2024 23:39 UTC