Google CFO Jumps Ship!
A release was put out yesterday that stated Google CFO George Reyes, will be leaving the company by January of next year. There was no explanation as to why 53 year old Reyes has decided to retire, however his retirement does leave a rare position open in one of the biggest companies on the internet.
The move was not planned and also came as news to the company; however Reyes plans to help in finding his successor before his 2008 departure. Reyes said in a statement, “I know I’m leaving the company in good hands with professionals that will continue to build on Google’s tremendous achievements.”
It is reported that Reyes leaves in a financially sound position with the company having raised his salary from $250,000 to $450,000 this year and having given him a $1.19 million compensation last year. By the end of 2006 Reyes personally held 51,750 stock options valued at an exercise price of $5 apiece.
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