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Monday, 1 May 2017

Google CEO Sundar Pichai gets another massive pay package; receives $200 million as compensation

NEW YORK: Google’s India-born CEO Sundar Pichai received a stock award of $198.7 million in 2016, almost double his 2015 stock award of $99.8 million, a media report said. 

That brought his total compensation in 2016 to $199.7 million, almost twice the $100.6 million he earned in 2015. Pichai received a salary of $6,50,000 in 2016, CNBC reported on Friday. 

Pichai’s pay package came even as his two bosses and Google cofounders Larry Page and Sergey Brin, once again drew salaries of only $1 for their roles as CEO and President, respectively, of parent company Alphabet. But Page and Brin are each worth more than $40 billion through their stock holdings. 
Pichai’s raise came during a year when Google’s sales rose 22.5% and net income rose 19% as it maintained its position as the top seller of internet advertising.

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