Google’s Schmidt to Receive $6 Million Bonus for 2012

March 12 (Bloomberg) -- Google Inc. Executive Chairman Eric Schmidt will receive a bonus of $6 million for 2012, the operator of the world’s biggest search engine said.

Co-founders Sergey Brin and Larry Page aren’t receiving bonuses, according to a filing today with the U.S. Securities and Exchange Commission.

Schmidt, who handed the chief executive officer title to Page in 2011, owns about 2.5 percent of Google’s outstanding shares and has a net worth of $8.5 billion, according to the Bloomberg Billionaires Index.

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net