Google's Page Allegedly Gave Rubin $150 Million Stock Award
- Company co-founder bypassed board, revised investor suit says
- Tech giant accused of covering up executive sexual misconduct
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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 who was under investigation by the company for sexual harassment at the time, according to a lawsuit.
Page later got “rubber stamp” approval for the equity compensation package from a board leadership committee eight days after he granted it in August 2014, according to a revised investor complaint made public on Monday in California state court in San Jose. Rubin used the grant as “leverage” to secure a $90 million severance agreement when he left the company almost three months later, according to the complaint.