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What To Know About Google CEO Sundar Pichai's New $692 Million Equity Pay Package - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
- In a Friday SEC filing, Alphabet CEO Sundar Pichai was awarded a three-year performance-based equity package worth up to $692M.
- The compensation committee tied rewards to corporate priorities, aiming to push development of Alphabet's later-stage Other Bets, the filing says.
- The package includes Waymo- and Wing-linked equity awards worth up to $260 million and $90 million, plus PSUs of $252 million and an $84 million time-based grant.
- The deal could make Sundar Pichai one of the highest-paid CEOs, and dismissal would cause forfeiture of unexercisable stock options, the filing says.
- For the first time, CEO pay includes awards tied to subsidiary per-unit valuations; Waymo has driven over 200 million autonomous miles and Wing plans expansion to more than 270 Walmart stores.
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Google's and Alphabet's boss could receive up to $692 million over the next three years through a new compensation plan, but most of this amount will depend on the group's stock market performance.
New revelations have emerged regarding Google CEO Sundar Pichai's salary package. According to reports, his salary package for the next three years is estimated at $692 million (approximately Rs. 6,300 crore). Let's explore the details.
Sundar Pichai, head of Google and Alphabet, could receive record pay over three years thanks to a new incentive plan Google's boss and his parent Alphabet could
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Total News Sources80
Leaning Left5Leaning Right18Center18Last UpdatedBias Distribution44% Center, 44% Right
Bias Distribution
- 44% of the sources are Center, 44% of the sources lean Right
44% Right
12%
C 44%
R 44%
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