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Alphabet’s Sundar Pichai’s 2019 Compensation Price $281 Million

Sundar Pichai's 2019 Compensation Worth $281 Million

Sundar Pichai was awarded $281 million in compensation final 12 months

Alphabet Inc. stated in a regulatory submitting that Chief Govt Officer Sundar Pichai was awarded $281 million in compensation final 12 months, making him one of many world’s highest-paid executives.

The overwhelming majority of the package deal is inventory awards, a few of which will probably be paid out relying on Alphabet’s inventory return relative to different firms within the S&P 100 index. Which means his haul can change into considerably smaller, or a lot greater. Pichai’s annual wage was $650,000 in 2019, in line with a proxy assertion filed with regulators on Friday. The corporate has stated that can rise to $2 million this 12 months.

The CEO’s compensation is 1,085 occasions the median whole pay of Alphabet staff, the corporate additionally stated within the submitting.

Pichai took over as CEO of Alphabet from Larry Web page on the finish of final 12 months as Web page and co-founder Sergey Brin stepped away from the corporate. Now, the 47-year-old govt must navigate Alphabet by the coronavirus disaster and financial recession. Pichai has already in the reduction of considerably on hiring and funding plans for the 12 months.

This 12 months, Alphabet’s board modified the businesses it compares itself to when it decides tips on how to decide compensation. It added Netflix Inc., Comcast Corp. and Salesforce.com Inc., whereas eradicating HP Inc. and Qualcomm Inc. Additionally on the listing: Apple Inc., Amazon.com Inc. and Fb Inc.

Alphabet additionally disclosed the pay of David Drummond’s spouse. Axios reported in September that Drummond, the corporate’s chief authorized officer on the time, married one other Google worker who as soon as labored in his authorized division. Drummond’s partner was paid about $197,000 in 2019, the submitting stated. Drummond stepped down earlier this 12 months.

(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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