Thanks to a $218 million triennial stock award, Sundar Pichai’s compensation at Alphabet Inc. increased to $226 million in 2022. The pay of many of your Silicon Valley competitors is substantially lower than this. A Friday filing from the Google parent company stated that his pay was comparable to $6.3 million the year before, when he did not receive the stock award. His compensation has stayed consistent at $2 million beyond three years. Read More Business News on our website.
The stock award was distributed over three years, and Pichai was given a similar deal in 2019. He received $281 million that year. In the technology sector, CEO compensation has become a particularly contentious issue, particularly in light of the recent wave of layoffs at Alphabet and other major corporations. Apple Inc. President Tim Cook
cut his 2023 compensation in the wake of drawing rage for making $100 million every one of the beyond two years.
Pichai’s package elevated him significantly above other Alphabet chiefs in 2022. Prabhakar Raghavan, senior vice president of Google’s knowledge and information, and Philipp Schindler, chief financial officer, both received almost $37 million. The salary for Ruth Porat’s position as chief financial officer was $24.5 million. They receive stock grants every year.
In January, Alphabet set began eliminating around 12,000 positions, or 6% of its worldwide labor force, following a very long time of different measures to diminish spending and put forth new boundaries.