Sundar Pichai’s bank balance looks more beautiful than your collective cousins’. That’s an Indian pun. Of course, one is expected to be a billionaire if he heads Google but after he took over Alphabet as its CEO, Pichai’s remuneration became a hot topic among gossip-mongers. Once named as the highest-paid CEO in the US back in 2016, his net worth has increased just like the democrats who voted for Trump’s impeachment.
Assuming role as CEO of both Alphabet and Google might be tiring but the mutual salary might be idyllic. According to Bloomberg, Sundar Pichai is being awarded a $240 million stock package on top of a $2 million annual salary, with effect from 2020. This stock package will be paid over the course of three years, which will be tied to performance metrics. Bloomberg’s report further mentions that the CEO could make an additional $90 million pending Alphabet’s share performance in relation to the S&P100 Index. This will go down in history as it’s the first time ever a firm has granted performance-based stock grants.
“Pichai also received two other stock grants, of $120 million and $30 million, neither tied to performance but subject to his continued employment,” the report. Pichai’s 2018 salary was measured at $1.8 million and prior to that, he must have made $650,000 a year.
A new data from The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), however, doesn’t list Sundar Pichai as the highest-paid CEO of 2018. Oracle’s Mark Hurd is the highest-paid CEO in the US with his salary clocking in at $108.3 million. Microsoft CEO Satya Nadella made a base salary of $2.3 million, a tad bit higher than Pichai’s.
Even after quitting, Larry Page and Sergey Brin will still be associated with Alphabet. They will continue to work as s co-founders, shareholders, and members of Alphabet’s board of directors.