Stock grant driven Pichai’s reimbursement
As in step with the securities submitting, Pichai earned $2 million (on the subject of Rs 16.4 crores) in wage. Pichai’s reimbursement bundle additionally comprises $6 million (on the subject of Rs 49 crore) for private safety. The Google CEO’s reimbursement jumped as he used to be awarded on the subject of $218 million in equities, which used to be via a triennial inventory grant. “The Compensation Committee lately follows a triennial grant cadence for CEO fairness awards. Sundar’s ultimate fairness award used to be granted in December 2019, and entirely vested on the finish of December 2022. In December 2022, the Compensation Committee granted a brand new fairness award to Sundar to acknowledge his sturdy efficiency as our CEO,” Alphabet mentioned within the securities submitting. .
Pichai joined Google in 2004 and used to be appointed Google CEO in 2015. He was the CEO of Alphabet in 2019. Prior to changing into CEO, Pichai led product and engineering for Google’s merchandise and platforms, together with Search, Chrome, Maps, Android, Gmailand Google Apps (now Google Workspace).
He used to be additionally Google’s Senior Vice President of Products from October 2014 to October 2015, and as Google’s Senior Vice President of Android, Chrome and Apps from March 2013 to October 2014.
Pichai does appear to have a problem on its arms presently as Google — like different tech corporations — has been going via tricky instances as a result of the commercial downturn. Google has additionally shifted its focal point in opposition to AI however has nonetheless now not long past mainstream like Microsoft-backed OpenAI’s ChatGPT.