Google (NASDAQ: GOOG) fell $13.90 per share or 2.25% on last trading session after it was announced that the tech giant would give raises to top executives at the company and boost employee salaries. The company has been doing remarkably well, beating analyst estimates and proving that their growth story is still on track. Executives will be dealt 30% raises while regular employees will get a 10% increase. Eric Schmidt, Larry Page, and Sergey Brin will have their salaries remain at $1, though the top executives own a large amount of company stock.
Google stock closed at $603.29 in the last trading session.
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