- Sundar Pichai, CEO of Google proprietor Alphabet, was paid a complete of $226 million in 2022.
- His package deal was boosted by inventory awards value $218 million.
Alphabet’s Sundar Pichai was paid a complete of $226 million final yr after he was awarded a giant tranche of shares, making him one in every of America’s best-paid CEOs.
The chief government of Google’s proprietor was given greater than $218 million, in keeping with filings revealed Friday. His base annual wage of $2 million hasn’t modified since 2020.
Pichai is awarded shares each three years and took residence greater than $280 million in 2019, the yr cofounders Larry Web page and Sergey Brin formally stepped down from their government roles.
Alphabet additionally spent virtually $6 million on private safety for Pichai, in keeping with the submitting.
Different executives, together with senior vp of Google’s data and data, Prabhakar Raghavan, and chief enterprise officer Philipp Schindler each made about $37 million, per the submitting. They’re awarded shares yearly.
Pichai’s compensation makes him one of many world’s best-paid CEOs. The timing is awkward following layoffs at Alphabet in addition to different corporations within the tech sector corresponding to Meta and Twitter.
Alphabet reduce 12,000 jobs in January and Pichai stated in a memo he was taking “full duty for the selections that led us right here.”
“Over the previous two years we have seen durations of dramatic development,” he wrote. “To match and gasoline that development, we employed for a distinct financial actuality than the one we face at this time.”
Pichai stated the corporate had undertaken a “rigorous overview” and that jobs had been being reduce throughout all “product areas, capabilities, ranges and areas.”
Apple CEO Tim Cook dinner requested to have his pay reduce for 2023 after large packages in earlier years induced controversy amongst shareholders. He’s set to earn $49 million, about 40% lower than in 2022.
Elon Musk was arguably the best-paid boss final yr after promoting shares in Tesla value virtually $23 billion to assist fund his takeover of Twitter. The CEO does not take a wage or bonus from the EV maker.
Alphabet did not instantly reply to a request for remark from Insider, made exterior regular working hours.