What is Googles pay level? How do you define and measure its pay level? How well is it captured by salary alone?Does your answer to the above question depend on what point in time it is answered? For example, what was Googles pay level the day before it repriced employee stock options? What was Googles pay level the day after it repriced employee stock options? And now?Why did Google reprice its stock options and also give a $10$ percent salary increase $($in an era when $2$ to $3$ percent annual salary increase budgets are the norm$)?$ Is it because its business strategy and$/$or product life cycle changed? Is it because it was concerned that employees perceived value of compensation did not match what Google was spending?Do you think Google has made the right choices in changing its compensation strategy? How much do these changes cost? How do these costs compare to Googles total costs and operating income? Are these increased compensation costs likely to be a good investment? In other words, will they pay for themselves $($and more$)?$ Explain.Do you get the sense that companies act on the best information they have at the time, but that in retrospect, they are not so good at predicting the future?Will Googles pay strategy work forever? What changes might be needed going forward?