Home
Internet
Internet News
Google CEO Sundar Pichai Paid $100.5 Million for First Year at Helm

Google CEO Sundar Pichai Paid $100.5 Million for First Year at Helm

By Brandon Kochkodin and Anders Melin, Bloomberg | Updated: 30 March 2016 09:29 IST

Google Chief Executive Officer Sundar Pichai received a $100.5 million (roughly Rs. 667 crores) pay package in 2015, according to a filing from parent company Alphabet Tuesday.

Pichai received $99.8 million in restricted stock that will vest in full by 2017. He also received a $652,500 salary. The stock award hasn't previously been disclosed in filings.

The former deputy of co-founder Larry Page was named to run the search engine unit following the reorganization into a holding company last year. Following that promotion, Alphabet in February awarded him restricted shares valued at $199 million (roughly Rs. 1,321 crores), the largest grant ever given to a Google executive officer whose pay has to be reported in filings.

The two grants have brought Pichai's holding of unvested restricted shares to $635 million (roughly Rs. 4,216) as of Monday's close in New York, according to data compiled by Bloomberg. He also holds unvested stock options valued at $11.6 million (roughly Rs. 77 crores).

Alphabet typically grants equity awards to executives once every two years, a strategy it has said "encourages executives to take a long-term view of the business."

Executive Chairman Eric Schmidt received $8.04 million (roughly Rs. 53 crores) for 2015, including a $1.25 million salary and $6 million (roughly Rs. 39 crores) cash bonus. Chief Financial Officer Ruth Porat was awarded $31 million (roughly Rs. 205 crores), including $25.1 million (roughly Rs. 166 crores) in restricted stock.

An Alphabet spokesman didn't immediately respond to a request for comment.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.