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Cool $70m for Google’s new financial head

googleThe new chief financial officer at Google is to receive $70 million over the course of two years.

Ruth Porat will be given stock valued at $65 million, a signing bonus of $5 million and a modest initial base salary of $650,000.

The amounts were learned as a result of a regulatory filing.

Ms Porat, 58, has been heading up finance at investment bank Morgan Stanley in Manhattan since 2010 but was lured to Silicon Valley by Google, the internet's most profitable company.

Although considered one of Wall Street's most powerful women, she is no stranger to California having grown up there and graduated from Stanford University. She will be reimbursed for the cost of her move.

At Morgan Stanley Ms Porat received $1 million as her salary which was part of a $10 million package in 2013. No figures have been made available for 2914.

Analysts will be watching closely to see if Ms Porat can reign in spending at the internet company, which has embarked on a number of high cost projects far removed from its core business, such as self-driving cars and eyeglasses connected to the internet.

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