Google’s Sundar Pichai gets $692 million — How his pay stacks up against other Big Tech CEOs
Google’s new salary deal will make Sundar Pichai one of the highest-paid Chief Executive Officers (CEOs) in the world.
The CEO of Google and its parent company Alphabet could earn up to $692 million, according to a new compensation plan released Friday by the U.S. Securities and Exchange Commission. ₹6,361 crore in the next three years, news agency AFP reported.
Pichai has been the chief executive of Google since 2015 and Alphabet since 2019. He currently earns an annual salary of $2 million, according to stock exchange filings.
According to Forbes Real Time Billionaires, Pichai’s current net worth is $1.5 billion.
How does Sundar Pichai’s salary compare to that of other Big Tech CEOs?
Pichai isn’t the only one making headlines for his excessive salary. Here’s what other tech CEOs have earned:
Sundar Pichai’s salary agreement
According to the plan, Pichai’s salary of $6 million for three years, that is, $2 million annually, will not change. AFP reported.
The remainder of his compensation will be paid in the form of Alphabet shares, as well as shares of two subsidiaries: autonomous vehicle company Waymo and drone delivery service Wing.
The SEC filing suggested Pichai could receive approximately $130 million from Waymo and $45 million from Wing.
The allocation will depend on the performance of the shares and the amount of dividends paid for Alphabet.
If fired, Pichai would forfeit any unexercised stock options, according to the document.
“Current and prior incentives in Mr. Pichai’s compensation have significantly benefited Alphabet and its shareholders,” the company said in the filing.
(With input from Forbes, Fortune, company filings and more)
