NEW DELHI: It was in December 2019 that Sundar Pichai was promoted from Google CEO to be the CEO of Alphabet — the dad or mum firm which has many different companies beneath its umbrella. An even bigger function and extra obligations meant a soar within the annual compensation that Pichai would obtain. Wondering how a lot Pichai earned in 2020? According to the annual proxy submitting made by Google with the US Securities and Exchange Commission, Pichai’s ‘base’ wage was $2 million (roughly Rs 15 crore) in 2020. In the submitting, Alphabet mentions, “For 2020, the Leadership Development and Compensation Committee increased Sundar’s base salary to $2.0 million in recognition of his expanded role as Chief Executive Officer of Alphabet and Google.”
In addition to this, Pichai obtained near $5 million beneath the pinnacle “All Other Compensation” which made his whole compensation about $7.Four million (roughly Rs 52 crore).
Prior to changing into CEO of Alphabet, Pichai’s base wage was about $6.5 lakh (roughly Rs 4.eight crore) in 2019. All Other Compensation in 2019 was near $3.Three million.
Pichai, as CEO of Alphabet and Google, was additionally granted $240 million inventory bundle in 2019. The inventory choices, as per the proxy submitting, will vest in 2023. “…changes implemented to Sundar’s compensation structure last year, these PSU awards will vest, if at all, on December 31, 2023, based on the Total Shareholder Return (TSR) performance of Alphabet relative to the companies comprising the S&P 100 over a 2021-2023 performance period, subject to continued employment on the vesting date.” So the worth of inventory choices will rely upon how Google and Alphabet really carry out within the subsequent couple of years.