Google's Sundar Pichai Becomes the Highest Paid CEO in the U.S.

BENGALURU: Google CEO Sundar Pichai has been awarded 199 million US dollars (approximately 1351 crore rupees) worth of shares by parent company Alphabet, making him the highest paid Chief Executive in U.S. Pichai was offered a grant for 2,73,328 Class C shares on February 3, according to a company filing. On the same day, Pichai sold 375 Class A common shares at a price of 786.28 dollars each and 3,625 Class C capital stock at a price of 768.84 dollars each, the filing said. The award will be bestowed as quarterly increments over the next four years, as long as Pichai is employed by Alphabet. The award, which is also the biggest ever given to a Google Executive, will take Pichai’s total value of Alphabet holdings to 650 million dollars.

However, it falls short of the 3 billion dollars worth shares owned by Eric Schmidt, Google’s former CEO. Pichai is not the only Google Executive to be given a big payday, according to British newspaper Guardian, as Ruth Porat, Alphabet’s CFO was also awarded shares worth 38 million dollars. This was on top of the 30 million dollars signing on bonus she received, while joining from Morgan Stanley. Also, Diane Green, head of Google’s Cloud Computing Business, received shares worth 42.8 million dollars. Greene was awarded another 148 million dollars worth shares following the takeover of her company, Bebop Technologies.

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