Google’s new pay deal would make Sundar Pichai one of many highest-paid Chief Govt Officers (CEO) on the earth.
Below a brand new compensation plan revealed Friday by the US Securities and Alternate Fee, the CEO of Google and its mother or father firm Alphabet might earn as much as $692 million ( ₹6,361 crore) over the following three years, information company AFP reported.
Pichai has been chief government of Google since 2015 and of Alphabet since 2019. He at the moment earns an annual wage of $2 million, in keeping with trade filings.
Pichai’s present internet value stands at $1.5 billion, in keeping with Forbes Actual Time Billionaires.
How does Sundar Pichai’s pay evaluate with that of different Huge Tech CEOs?
Pichai isn’t the one one making headlines for his excessive paycheck. This is what different tech CEOs earn:
Sundar Pichai’s pay deal
Below the plan, Pichai’s three-year wage of $6 million, or $2 million per yr, would stay unchanged, AFP reported.
The rest of his compensation can be paid within the type of Alphabet inventory, in addition to shares in two subsidiaries – the autonomous car firm Waymo and the drone supply service Wing.
The SEC submitting steered Pichai might obtain about $130 million from Waymo and $45 million from Wing.
The allocation will rely on the efficiency of the shares and, for Alphabet, on the quantity of dividends paid.
Within the occasion of his dismissal, Pichai would forfeit all inventory choices that aren’t but exercisable, in keeping with the doc.
“Present and former incentives in Mr Pichai’s compensation have benefited Alphabet and its stockholders considerably,” the corporate mentioned within the submitting.
(With inputs from Forbes, Fortune, firm filings and extra)