Google’s CEO Sundar Pichai Earnings Touched $200 Million in 2016
Washington, D.C.: Sundar Pichai, the 44-year-old Google CEO, received a compensation of nearly $200 million in 2016, almost double of what he received in 2015.
Pichai’s salary is only a small portion of his compensation. He received $650,000 as salary in 2016, slightly less than his 2015 salary, which was about $652,500.
But Pichai, who was named CEO in 2015 during the company’s re-organization, received his large portion of the compensation in 2016 in the form of a stock award that is worth about $198.7 million.
The CNN reported that Google’s compensation committee had awarded Pichai with a raise because the company had “numerous successful product launches” in 2016. The company launched a virtual reality headset, a router, smartphones, and a voice controlled smart speaker.
Alphabet’s market cap has grown to reach $600 billion this week for the first time, the report said.