Sundar Pichai Gets $242 Million Stock Package in New Role as Alphabet CEO

Alphabet and Google CEO Sundar Pichai volition take home $240 1000000 stock package ($xc million of it tied to Alphabet's performance) on top of a $ii 1000000 almanac salary in 2020. Alphabet said in a Securities Substitution Commission filing on Friday that Pichai will too get-go receiving a substantial heighten from January one to $two meg a twelvemonth, reports the Mercury News.

The compensation package is being given in recognition of Pichai'southward "expanded role equally CEO of Alphabet and Google". Pichai on Th received $ninety million in stock awards that volition belong past the end of 2022 "depending on Alphabet'south shareholder returns compared to the South&P 100", the filing said.

"Pichai as well received two other stock grants, of $120 one thousand thousand and $30 million, neither tied to performance but subject to his continued employment," the written report said, citing the filing.

Signalling the end of an era, Google co-founders Larry Folio and Sergey Brin decided to relinquish their electric current positions in the parent company Alphabet earlier this month, making India-born Pichai the CEO of both Google and Alphabet.

Page and Brin will continue their involvement equally co-founders, shareholders and members of Alphabet"southward Board of Directors. Pichai joined Google in 2004 and helped atomic number 82 the development of Google Toolbar and then Google Chrome, which grew to get the world's most popular internet browser.

Sundar became Google'due south CEO in August 2015. He joined the Lath of Directors of Alphabet, Google'due south parent company, in July 2017. Nether his leadership as CEO, Google has been focused on developing products and services, powered past the latest advances in AI, that offer assist in moments big and modest.

Pichai, who grew up in Chennai and studied engineering at the Indian Institute of Engineering, holds a master's degree from Stanford University and an MBA from the Wharton School.