Larry Page Gave Andy Rubin $150M Despite Sexual Harassment Probe: Lawsuit

Lloyd Doyle
March 13, 2019

The previously undisclosed amount was in the separation agreement for Singhal, a senior vice president who ran Google's search operations until early 2016.

The new allegations shed light on Page's power to compensate top executives and could add fuel to criticism that the company's board isn't strong enough to keep management accountable to shareholders.

Coming out to a total cash payout of $105 million to the two executives, Google says they have serious consequences in place for these inappropriate behaviors, especially for those in higher positions.

Confirming The New York Times report in October, Rubin originally received a $150 million stock grant from the company, in which he used to negotiate a $90 million final severance package in 2014.

Alphabet's board of directors agreed to pay Amit Singhal as much as $45 million when he resigned from the company after being accused of groping a subordinate, according to a court filing on Monday.

In addition, it said that by failing to explain the real reason Rubin had left Google in its statements at the time to the SEC, Alphabet had effectively filed "materially false and misleading" financial statements with the authority.

One portion of the minutes showed that Singhal received two United States dollars 15 million payments and a payment of at least USD 5 million as part of a separation agreement.

Singhal did not respond to a request for comment, it said. He was also granted an exit package of about $40 million. She filed a complaint, and the company's investigation found her account to be credible.

"It's confirmation of the fact that there were these large payouts" to Google executives and that the company's "own internal investigation had shown there was misconduct and harassment", Louise Renne, a lead lawyer for the plaintiffs, said Monday by phone. "However, Andy strongly denies any misconduct, and we look forward to telling his story in court".

Google promised to be more forceful in handling such cases and ended mandatory arbitration in cases of sexual misconduct.

The suit by Martin explains that Larry Page, the co-founder of Google, "made the decision to approve the $150 million in equity awards directly, by himself, without the prior approval or involvement of the Board or the [Leadership, Development and Compensation Committee]". Without any additional documents, the committee members - Paul S. Otellini, Intel's former chief executive, who died in 2017; John Doerr of venture capital firm Kleiner Perkins; and Ram Shriram of venture firm Sherpalo Ventures - said they had approved it, according to the suit.

Other reports by Iphone Fresh

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