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 Google's Omid Kordestani Get $1.02 million salary 

 Source : Google | Time Magazine | Bloomberg
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


Google's Omid Kordestani Get $1.02 million salary 11.4.2006

 






April 2, 2006, - Google Inc.'s top three executives each received $1 in salary last year, and sales chief Omid Kordestani exercised stock options worth $287.9 million.

Co-founders Sergey Brin and Larry Page and Chief Executive Eric Schmidt each received a $1 salary, the Mountain View, Calif., firm said in a Securities and Exchange Commission filing.

Kordestani received $1.02 million in compensation last year, including a $175,000 salary and a $837,956 bonus, the filing said.

About Kordestani:

Omid Kordestani, a Successful Kurd at Google, Incorporated
Google's senior Vice President, Global Sales & Business Development

Omid Kordestani is the Senior Vice President of Global Sales and Business Development. He is directly responsible for Google's worldwide revenue generation efforts as well as the day-to-day operations of the company’s sales organization. He joined in May 1999 as Google's "business founder," leading the development and implementation of the company’s initial business model. Since then he has brought Google to profitability in record time, generating more than $6 billion in revenue in 2005.

Omid Kordestani, Google's Senior Vice President, Global Sales & Business Development
Photo: Google.com


Omid has more than 20 years of high technology consumer and enterprise experience, holding key positions at several startups, including Internet pioneer Netscape Communications. As vice president of Business Development and Sales, he grew Netscape's online revenue from an annual run-rate of $88 million to more than $200 million in 18 months. 

Prior to Netscape, he held positions in marketing, product management, and business development at The 3DO Company, Go Corporation, and Hewlett-Packard

Omid received an MBA from the Stanford Graduate School of Business in 1991 and a Bachelor of Science degree in electrical engineering from San Jose State University in 1984. http://www.google.com/corporate/execs.html#omid 

Time,
Everyone knows Google is the Web's best search engine. Type in a keyword, and you're there. Google delivers more than 200 million results daily, thanks to its hyperaccurate algorithms. But there's no such thing as a free search; behind that text-only interface is a serious business edging toward what Wall Street hopes will be a new tech mega-IPO. Omid Kordestani, Google's senior vice president of worldwide sales and field operations, is fast turning the privately held company into a maniacally profitable outfit. His efforts have transformed the world's top search destination into online advertising's hottest property — scoring more than 100,000 advertisers in just 18 months. Revenues from paid searches could fetch Google $1 billion by year's end, analysts estimate.

When Kordestani, 40, joined Google from Netscape four years ago, search engines were a hard sell. But he avoided pushy pop-up ads and intrusive banners and began to sell paid listings. It's a simple yet effective method, perfected by rival Overture. Sponsors pay for the rights to keywords: when a user enters a keyword, a related sponsored ad appears alongside the search results. Despite the success of the model, Google insists it's not money obsessed. Kordestani once walked away from a multimillion-dollar deal because he didn't see a smooth fit with the customer. "At Google, a lot of times we actually turn away revenue because we only want quality, repeatable revenue, not just a customer for a quarter," he says.

Among co-workers, he's known as the king of instant messaging. Of the hundreds of employees Kordestani oversees globally, he personally reviews each hire, making sure it passes his airport test: "If I'm stuck in an airport with one of these employees, I want to enjoy my time and have an intelligent conversation."

Miraculously, he's forged an ad strategy that appeals to his bosses, online advertisers and Web purists who love Google's noncommercial look and feel. Ten straight quarters of profitability isn't bad either. From the Jul. 28, 2003 issue of TIME magazine 

More about Omid Kordestani at wikipedia 

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