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Thursday, September 15, 2005

The best payed HR Manager in the world

....is probably going to be Kai-Fu Lee, who is leaving Microsoft for a job at Google, in helping them to build an R&D center in China.

A few days ago, the US court ruled in favour of dr. Lee being able to work for Google, after Microsoft sueing both of the (dr Lee and Google) for breaking the confidentiality pact he done with Microsoft.

As Tom Burt (Microsoft's vice president and deputy general counsel) said, "Dr. Lee is going to be the highest-paid HR manager ever."

Speculations about his paycheck go around the figure of USD 10 million for the entire contract. Google paid Lee a USD 2.5 million signing bonus and promised a USD 1.5 million bonus after one year, plus a USD 250,000 salary and options on 10,000 shares of Google stock, according to court documents. If he stays for four years, Lee also will receive another 20,000 Google shares, currently worth USD 5.8 million.

Lee also demanded that Google pay all his legal fees if Microsoft sued, a request that was granted.

Now, this is a high paycheck. But I hope he deserves it and I hope the added value he will bring into Google will make the company even better.

It seems Google is on a hiring spree, following the hiring of "the father of internet" and a lot of other brainy guys. Also, it's very interesting to see how others react to this kind of news (throwing chairs !?! )

Posted by Mihai : 9/15/2005 09:50:00 am