Google exec receiving $50k annually, stock for being on EA board

by Alexander Sliwinski { May 12th 2009 at 4:00PM }

Google exec Jeff Huber will receive a reasonable $50k annually, plus stock, for serving on the board of EA, reports GI.biz. With the money, Huber will finally be able to afford ... hold up. The dude is SVP of Engineering for Google's ad system and apps -- he's already got plenty of money.

Anyway, beyond Huber making paper airplanes out of EA's retainer, he was issued 2500 shares of restricted stock, along with the option to purchase 17,500 shares at $19.46 (closing price on May 7, the day he started), and all of this will vest over the next four years.

Fun fact: EA increased its board size from nine members to ten to accommodate Huber's appointment. Not that it means anything.

Tags: ea, electronic-arts, jeff-huber

Reader Comments (Page 1 of 1)

Nook @ May 12th 2009 4:07PM

is this guy working on his cartman smile?

Wes @ May 12th 2009 4:17PM

10 members. Great. "TIE VOTE! NOBODY GETS TO GO HOME FOR DINNER TILL ITS RESOLVE!".

Boards of major companies should always be in odd numbers to help things move along smoothly and greater than 3 as its too easy to find 1-2 idiots in a room.

ill trooper @ May 12th 2009 6:28PM

Wes... I can't help but notice your comment has nothing to do with Nook's comment. Sort of a thread-jack move, no?

MystileArmor @ May 13th 2009 12:29AM

Let's tie 'm together (even though it is a thread jack move)

"but mooooom..... I want a seat a the boardtable"

"no snookiebuns, there are only 9 seats"

"buuuuuttttt moooommmmmm....I want to sit at the boardtableeeeee"

"sigh.. alright lumpypants.... we'll put in a 10th seat"

ManekiNeko @ May 13th 2009 8:31AM

And his Jay Leno chin, apparently.

InFaMoUs1- @ May 12th 2009 4:16PM

DAAYYYUUUMM!!!

Opprobrius Maximus @ May 12th 2009 9:49PM

I know right? I can't tell if that backgrounds purple or blue, and it's freaking me out.

RabbidMickeyMouse @ May 12th 2009 4:47PM

I'm interested to know what this report is implying, or how it connects better to previous articles, but I just can't think of anything. Sure, there are rumours about what his position means with EA, but what does his income and stock holdings hint at?

yenrab @ May 12th 2009 4:59PM

Don't worry joystiq, I'm sure the US feds will take most of this money from him. Don't you worry. This evil rich man. Evil rich man. It's great to know that poor folks create jobs and not the rich ones.
Sounds like joystiq is a little wealth envy?

Gun Barrier @ May 12th 2009 5:26PM

Isn't 50k a year pretty low for such a job? Public school teachers with master degrees make around 60k a year in New York.

I must be missing something. Is he doing a part time job?

BananaBoat @ May 12th 2009 6:57PM

Stock. You are missing the stock. I'd assume that EA restricted stock is worth a boatload of money, and with 2500 shares of it, he's not going to be crying about his low salary.

Markez @ May 12th 2009 5:51PM

It's in addition to his job with Google. Serving on a board of directors, in this type of instance, isn't a full time gig.

At my last company, our VP of Marketing was also on the board of directors for a prominent non-profit.

leland @ May 12th 2009 6:06PM

Um, this is not some kind of scandalous news. Board members for every company typically receive quarterly fees between $10-$20k - so $50k is about average.

You want experienced people on your board, and most of those people are already employed. These people review the business and need to know what they are talking about.

the BoD meets four times a year, maybe more if stuff is going down. Not a full time job, bigwigs can sometimes serve on 3-4 boards at a time.

http://en.wikipedia.org/wiki/Board_of_directors

Let's leave this guy alone.