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Google Sr VP Corp Dev.-David Drummond sold $1.94m in shares-Aug 1
David Carl Drummond is an American businessman and conglomerate executive. He currently serves as Senior Vice President (SVP) of corporate development and Chief Legal Officer (CLO) for Alphabet Inc., and formerly its subsidiary,
Google, as well as part of the board of directors of mental health non-profit Crisis Text Line.
His first time working with Google was in 1998 as a partner at leading technology law firm Wilson Sonsini Goodrich & Rosati's corporate transactions group; he was Google's first outside counsel.
He joined Google in 2002. Drummond earned a bachelor's degree in history from Santa Clara University in Santa Clara, California and a Juris Doctor from Stanford Law School.
Drummond has a son born in 2007. Drummond was charged by the Securities and Exchange Commission in 2005 with causing Google to violate securities law because he failed to advise the company's board that the company was required to register
$80 million in stock options used as compensation for employees.https://www.sec.gov/news/press/2005-6.htm.
The SEC said in its press release, "By deciding Google could escape its disclosure requirements, and failing to inform the Board of the legal risks of his determination,
Drummond caused the company to run afoul of the federal securities laws."
His annual compensation from Google parent company, Alphabet Inc., currently stands at approximately $18.3 million.
https://en.wikipedia.org/wiki/David_Drummond_(businessman)
https://www.finviz.com/insidertrading.ashx?oc=1295030&tc=2&b=2
Despite Sexual Misconduct Report, Alphabet's Chief Legal Officer Earned $47M in 2018
Alphabet chief legal officer David Drummond was one executive accused of facing no consequences for sexual misconduct at Google in a New York Times report that sparked global walkouts from employees last year. His salary didn't change in the wake of the allegations, and he saw a massive 2018 stock award.
Google parent company Alphabet Inc.’s chief legal officer made more than $47 million in 2018, according to a proxy statement filed Tuesday, despite internal criticism last year that he and other male executives at the company did not face consequences for sexual misconduct at work.
The Mountain View, California-based company said it did not have further comment on whether the allegations against Alphabet CLO David Drummond raised in a New York Times report last year impacted his 2018 compensation package.
In the October article, former Google legal department member Jennifer Blakely detailed her multiyear affair with Drummond in the mid-2000s, when he was still general counsel of Google and married.
She claimed Drummond only informed human resources after she became pregnant, at which point she was told Google didn’t approve of manager-subordinate relationships, and it was made “clear it would not be David” who had to leave the legal team.
Blakely switched to sales and, a year later, left the company. The stories shared by her and other women spurred a series of walkouts from thousands of Google employees at offices around the world demanding the company change its alleged culture of protecting men in power accused of sexual misconduct.
On Wednesday, Google workers staged another protest over claims the company retaliated against employees who walked out last year.
Drummond did not see any change in salary in the wake of the allegations and walkouts. His salary has held steady at $650,000 for the past three years. He, like the other executives named in Alphabet’s proxy statement, has not received a bonus or nonequity incentives in at least three years.
In 2018, Drummond’s “other compensation” totaled $19,585.
The vast majority of Drummond’s earnings last year came in the form of stock awards, not uncommon for tech industry executives. But his stock awards are high for a CLO in any industry, coming in at $46,612,647.
That could be an attempt to make up for lost time. According to Alphabet’s 2018 proxy statement filed with the U.S. Securities and Exchange Commission, Drummond didn’t receive stock awards in 2017 or 2016. Alphabet’s chief financial officer Ruth Porat received stock awards in 2016 and 2018.
Chief executive officer Sundar Pichai was awarded nearly $200 million in stock in 2016 but hasn’t received awards since.
Unlike Pichai and Porat, Drummond’s executive title includes only Alphabet, not subsidiary Google. Kent Walker currently serves as Google’s chief legal officer and senior vice president of global affairs, promoted from Google general counsel in August.
Walker’s compensation was not disclosed in Alphabet’s proxy.
https://www.law.com/corpcounsel/2019/05/01/despite-sexual-misconduct-report-alphabets-chief-legal-officer-earned-47m-in-2018/?slreturn=20190702174325
'Moving fast:' Musk's SpaceX eyes Florida for launch site for Mars rocket
Elon Musk’s SpaceX is expanding its facilities in Florida to make room for the space company’s forthcoming super heavy-lift launch vehicle dubbed Starship, according to a draft of the plans seen by Reuters on Friday.
Starship, a 384-foot reusable two-stage rocket taller than the Statue of Liberty, is a central piece of Musk’s interplanetary space travel ambitions as well as U.S. space agency NASA’s goal to send humans to the moon again by 2024.
The Starship rocket is expected to launch up to 24 times a year from SpaceX’s current flagship launchpad 39A, the draft of the company’s environmental assessment said. SpaceX did not specify in the report when it would reach that cadence, but Musk said in September 2018 he wanted to be conducting orbital flights with Starship in two to three years.
SpaceX’s launchpad 39A would support NASA’s future moon missions from the same Kennedy Space Center site used for the Apollo lunar missions a half century ago.
“They’re moving very fast,” said Dale Ketcham, vice president of government relations at Space Florida, the state’s commercial space development agency. “This is actually getting closer to what Elon got into this business for to begin with. This is fundamental infrastructure to get to Mars, the early stages of it.”
SpaceX has also suffered a number of program delays and mishaps over the years on its various space endeavors. In April, one of the company’s Crew Dragon capsules exploded on a test stand, raising fresh scheduling doubts over a flagship NASA astronaut taxi program.
Dozens of U.S.-based space companies have been scrambling to heed NASA’s goal of sending humans back to the lunar surface by 2024, an accelerated timeline set by Vice President Mike Pence in March.
Separately, Boeing Co (BA.N) is developing NASA’s colossal Space Launch System to anchor the agency’s moon-to-Mars Artemis program, though it is years behind schedule.
SpaceX said in its draft environmental assessment that Starship will make return landings on the Air Force landing pad currently used for the company’s Falcon 9 boosters.
The company is also considering a plan to install another landing site at the 39A pad. The first booster stage will land on SpaceX’s unmanned barge some 300 miles off Florida’s coast, the draft said.
This week, NASA said it plans to work with SpaceX to figure out how to land rockets on the lunar surface and develop a refueling station for deeper space exploration.
“Orbital refilling is vital to humanity’s future in space,” Musk tweeted on Thursday. “More likely spacecraft to spacecraft (as aircraft do aerial refueling), than a dedicated depot, at least at first.
https://www.reuters.com/article/us-space-exploration-spacex/moving-fast-musks-spacex-eyes-florida-for-launch-site-for-mars-rocket-idUSKCN1US2FK?
almost 10k in central ca. and the bulk of them done right away.
Puerto Ricans celebrate departure of embattled governor | LIVE
perhaps. Some want it, but a lot of them see it as a badge of honor to stay as a territory. Debt needs to be dealt with before that habbens.
Have not been for several yrs so can't say what recent sentiment is.