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Google’s Page Allegedly Awarded $150 Million Rubin Payout (1)

March 11, 2019, 8:25 PM

Alphabet Inc. Chief Executive Officer Larry Page didn’t get board approval when he awarded a $150 million stock grant to Andy Rubin, the creator of the Android mobile software, while the company helped to cover up his alleged misconduct, according to a lawsuit.

Page later got “rubber stamp” for the equity compensation package from a board leadership committee eight days after granting the payout to Rubin, who also got a $90 million severance package, according to a revised investor complaint made public March 11 in California state court in San Jose. The suit was originally filed in January, but some ...