Amid Cost-cutting, Alphabet CEO Sundar Pichais Pay Soars To $226 Million On Massive Stock Award
/
Companies/
People/ Amid cost-cutting, Alphabet CEO Sundar Pichai’s pay soars to $226 million on massive stock award
- The stock award comes on a three-year schedule, and Sundar Pichai received a similarly sized package in 2019. That year, he was awarded $281 million
The pay package awarded to Alphabet Inc. Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock award valued at $218 million, dwarfing the compensation of many Silicon Valley peers.
His pay compared with $6.3 million the prior year, when he didn’t receive the stock award, according to a filing from the Google parent company Friday. His salary has remained steady at $2 million the past three years.
The stock award comes on a three-year schedule, and Pichai received a similarly sized package in 2019. That year, he was awarded $281 million.
CEO compensation has become a particular touchy topic in the technology industry, especially after a wave of layoffs at Alphabet and other major companies. Apple Inc. CEO Tim Cook slashed his 2023 pay after drawing ire for making $100 million each of the past two years.
Pichai’s package put him well above other executives at Alphabet in 2022. Prabhakar Raghavan, the senior vice president of Google’s knowledge and information, and Philipp Schindler, chief business officer, both took in about $37 million. Chief Financial Officer Ruth Porat’s compensation was $24.5 million. Their stock grants are given out on an annual basis.
In January, Alphabet started cutting about 12,000 jobs, or 6% of its global workforce, following months of other measures to reduce spending and set new priorities.
Catch all the
Corporate newsand Updates on Live Mint. Download The
Mint News Appto get Daily
Market UpdatesBusiness News.
Next Story
No Network
Server Issue
Internet Not Available
Labour's Winning Streak: Momentum Builds In The 2024 Local Elections
As the 2024 local elections unfold, Labour has emerged as a formidable force, securing a series of significant victories... Read more
Revisiting Campus Conflict: Rethinking The Role Of Law Enforcement Amidst Student Protests
Recent clashes between protesters and law enforcement at Columbia University and other American campuses have sparked re... Read more
Pro-Palestinian Protests Surge: Unveiling Fault Lines On American Campuses
In recent months, American universities have become the focal points of escalating pro-Palestinian protests, with events... Read more
Hong Kong Introduces Groundbreaking Cryptocurrency ETFs For Retail Investors
Hong Kong has entered a new era in the realm of cryptocurrency investments with the recent introduction of the first spo... Read more
UK's Local Elections 2024: A Decisive Political Landscape Shift
In the spring of 2024, the United Kingdom witnessed a pivotal moment in its democratic process as local elections unfold... Read more
The Fragile Lifeline: America's Aid To Ukraine Amidst Political Struggles
Amidst escalating tensions with Russia, the United States has once again extended a vital lifeline to Ukraine in the for... Read more