Sundar Pichai would take a salary of $2 million annually starting 2020. This is the first salary hike for Sundar Pichai after assuming the role of CEO in Alphabet Inc. He will also receive a whopping $240 million in performance-based stock awards over a time of three years.
Sundar Pichai grants
He’s behind Tim Cook in terms of grants related to CEO. Tim took $376 million as Apple’s CEO according to Equilar, a firm that tracks executive compensations.But Larry Page was taking a salary of $1 as the CEO of Alphabet Inc before stepping down.
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Sunder Pichai’s journey to Google
Sundar Pichai became CEO of Google after serving the organization for 15 years. In 2015, his annual salary was $652.500 but his increased the following year due to a massive $199 million in stock awards. He was highest paid Alphabet executive at that time.
Credited for making the Google Chrome browser a success, Sundar Pichai was once considered the potential successor to Microsoft Corp CEO Steve Ballmer before Satya Nadella was instated in February 2014.
Google recently revealed in a statement that Pichai earned nearly $1.9 million in 2018 but most of the cost includes is about his security and use of private airplane. His base salary was $650.000.
Sunder Pichai’s future in Google
He has become the public face of Google at a time when the company is passing through a difficult phase. In addition to the criticism of US Lawmakers, Google is facing wrath of its employees on issues like privacy and monopoly.
Source: https://bit.ly/373DPjx