Did you know the mind-blowing salary of Sundar Pichai? Details here

Did you know the mind-blowing salary of Sundar Pichai? Details here

Did you know the mind-blowing salary of Sundar Pichai? Details here

Sundar Pichai is getting a hefty pay raise.

It was recently announced by Google's co-founder Larry Page that Sundar Pichai had been appointed as the CEO of Google's parent company, Alphabet. If Alphabet shares outperform the S&P 100 Index, Pichai could receive an additional $90 Mn in stock grants, says media report. The stock will be granted over three years and is tied to performance targets.

Signalling the end of an era, Google co-founders Larry Page and Sergey Brin made a decision to relinquish their current positions in the parent company Alphabet earlier this month, making India-born Pichai the CEO of both Google and Alphabet.

Pichai is no stranger to massive compensation.

A transitional award of $30 million of restricted stock units will vest at a 1/4 quarterly rate beginning on March 20, 2020. He had reportedly said that he was already paid generously.

Median CEO base salary reached $1.2 million among the largest US companies by revenue in 2018, according to Equilar.

At a staff meeting this year, one Google worker asked why Pichai had been paid so much while some employees struggle to afford to live in Silicon Valley, people with knowledge of the matter said at the time.

Pichai, who grew up in India, has degrees from Stanford University and the Wharton School of the University of Pennsylvania.

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 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.

The compensation package is being given in recognition of Pichai's "expanded role as CEO of Alphabet and Google".

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