Larry Page 'bypassed' Alphabet's board to personally give Andy Rubin a $150M stock package while he was under investigation for sexual misconduct
- Alphabet CEO and co-founder Larry Page "bypassed" the board of directors and personally approved the $150 million stock-option package for Android creator Andy Rubin , according to a lawsuit which Bloomberg reported about on Monday.
- The $150 million stock package was awarded to Rubin while he was under internal investigation for sexual misconduct complaints, the report says.
- According to the filing, Alphabet's leadership committee ultimately finalized the stock option deal, but it was Page who personally gave initial approval.
Alphabet CEO and co-founder Larry Page personally approved a $150 million stock-option package for Android creator Andy Rubin while the executive was under internal investigation for sexual misconduct, according to an investor lawsuit cited in a Bloomberg report Monday.
According to the report, the lawsuit alleges that Page "bypassed" Alphabet's board of directors in approving the payout, with the board signing off on Page's decision later on.In October, The New York Times published details about the allegation that led to Rubin's dismissal - including his pressuring a woman with whom he had an extramarital relationship into performing oral sex.
The Times report also exposed that Rubin was awarded a $150 million stock option package a few weeks into the internal investigation and that upon his departure, he was given $90 million exit package by the company even after the investigation found the woman's complaint to be credible.
This January, lawsuits were brought against Alphabet's board of directors over allegations of covering up company executives accused of sexual harassment or discrimination. The filing on Monday was a revision of one of the original complaints, which had redacted many of the claims from public view.
Alphabet did not immediately return a request for comment.
This story is developing.
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