Filings Reveal Alphabet CEO Sundar Pichai’s $281M In Compensation Earned Last Year
One of the highest-paid executives of 2019 was Sundar Pichai Alphabet, the umbrella company that owns Google. Pichai was only CEO of Alphabet for a short time, taking office at the end of last year after the exodus of Google co-founders Larry Page and Sergey Brin. And now, new regulatory filings made by the company reveal that his compensation is valued at some $ 281 million, thanks in large part to generous stock awards.
Some of these prices have not yet been fully paid and will vary depending on the market performance of Alphabet compared to other S&P 500 companies such as Netflix, Apple, Amazon, Facebook and others, reports Bloomberg. In turn, this means that Pichai could make many more or less of these rewards depending on the company’s market fortunes.
Now, however, the price in question would be valued at around $ 120 million, while the other big price for Pichai’s stock (which will also be acquired over time but which is not directly linked to stock market returns of the company) is valued at around $ 150 million. These, plus Pichai’s salary and various other forms of compensation, bring the total to nearly $ 281 million. The only other senior executive who has been paid more in a recent year is Tesla and SpaceX. Elon Musk, whose reputedly unorthodox and potentially extremely lucrative compensation plan for Tesla is entirely based on the allocation of shares in amounts based on the performance of the company, without base salary of any kind for its work with the company. ‘company.
As if the stock grants were not enough, because the documents also reveal a salary increase as well as increased responsibilities of Pichai as CEO, of $ 650,000 (for the time when he was CEO of Google alone) at $ 2 million. But it is largely these share allocations that make Pichai one of the highest-paid executives of all time, and in accordance with the new classification regulations, Alphabet also had to disclose that this put him at more 1,000 times the median salary of Alphabet employees – which, if you’re curious, comes to $ 258,708.
This is not the first massive stock market award that Pichai has received from Alphabet. In 2016, when he was appointed CEO of Google, he received nearly $ 200 million invested share awards.
Pichai, 47, has been with the company in one capacity or another since 2004, ultimately contributing to the development of the now-ubiquitous Google Chrome web browser before climbing the management ladder.