Alphabet’s New CFO Set to Earn Big Bucks Amid AI Investment Push
- Google’s new CFO Anat Ashkenazi receives a $9.9 million signing bonus and an annual base salary of $1 million
- Ashkenazi also gets a $13.1 million sign-on equity grant in the form of restricted stock units
- She succeeds Ruth Porat, who became president and chief investment officer last year
- Ashkenazi joins Alphabet amid cost-cutting and heavy investment into AI
Anat Ashkenazi, the new Chief Financial Officer (CFO) of Google and its parent company Alphabet, is set to receive a signing bonus of $9.9 million and an annual base salary of $1 million. In a filing with the Securities and Exchange Commission, Alphabet revealed that Ashkenazi will also get a $13.1 million sign-on equity grant in the form of restricted stock units to compensate for her forfeited compensation from her previous employer, Eli Lilly. She served as CFO at Eli Lilly since 2021. Ashkenazi is eligible for an annual bonus of up to 200% of her annual salary, along with new hire time-based equity and new hire performance-based equity, according to Alphabet. She succeeds Ruth Porat, who served as CFO before being named president and chief investment officer last year. Porat continued to serve as finance chief until a successor was named. Ashkenazi joins Alphabet amid cost-cutting measures and heavy investments in artificial intelligence. Analysts covering Eli Lilly praised her track record of prioritizing research and development while managing investor expectations about financial results.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Anat Ashkenazi’s compensation package and her background from her previous employer, Eli Lilly. It also mentions the context of Alphabet’s current financial situation and challenges she will face in her new role. However, it lacks personal opinions or sensationalism.
Noise Level: 6
Noise Justification: The article provides information about a new CFO appointment and compensation details but lacks in-depth analysis or exploration of the implications for Google/Alphabet’s financial strategy or industry trends. It also does not offer much insight into Ashkenazi’s background or how she might approach her role at Alphabet.
Public Companies: Alphabet (GOOGL)
Key People: Anat Ashkenazi (Chief Financial Officer), Ruth Porat (President and Chief Investment Officer)
Financial Relevance: Yes
Financial Markets Impacted: Alphabet (GOOGL) and Eli Lilly
Financial Rating Justification: The article discusses the appointment of a new CFO for Google’s parent company Alphabet, including details about her compensation package. This is relevant to financial topics as it involves executive-level changes within a major corporation and its impact on the company’s financial structure. Additionally, the news may have an impact on the stock prices of both Alphabet and Eli Lilly due to the change in leadership.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article. The content discusses a change in leadership and compensation at Alphabet/Google, with no mention of any crisis or disaster.
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