Alphabet Inc’s newly instated Chief Executive Officer Sundar Pichai will receive a hefty $240 million in performance-based stock awards over the next three years, the highest ever promised to any executive of the search giant.
Pichai would also take home $2 million in annual salary starting 2020, according to a regulatory filing on Friday. That compares with a $1 salary received by Larry Page in the same role last year.
Google co-founders Page and Sergey Brin stepped down earlier this month as leaders of the internet behemoth they founded 21 years ago, giving Pichai charge of the parent company in addition to his role as the chief of Google. Pichai, who has spent 15 years at Google, is now the public face of a company that is facing criticism from US lawmakers as well as its employees over a number of issues ranging from privacy to monopoly.
Pichai is widely credited for making the Google Chrome browser a success and was seen as a potential successor to Microsoft Corp CEO Steve Ballmer before Satya Nadella took over in February 2014. According to the most recent proxy statement from the company, Pichai earned nearly $1.9 million in 2018. Courtesy: REUTERS
