Consolidation continues at global tech giant Google. At the same time, there is no compromise in the salary of Sundar Pichai, the CEO of the company. According to the latest 12,000 filings with the US Securities and Exchange Commission (SEC), Sundar Pichai’s pay package includes $218 million in stock earnings. The company laid off about 12,000 employees a few months ago to cut costs. Last year, Sundar Pichai’s salary was $6.3 million. This was income in case of non-earning of share income. His salary has remained unchanged for the past three years. Sundar Pichai’s salary for the last three years was $2 million.
The risk is more in not investing
Sundar Pichai’s salary was much higher than that of other executives at Google’s parent company, Alphabet. This time he earned a salary of $218 million, which is much lower than that of other senior executives. For example, Chief Business Officer Philip Schindler is paid $37 million. Prabhakar Raghavan, Google’s Senior Vice President of Knowledge & Information, earns $24.5 million. According to the filing, the shares they are entitled to are given on an annual basis.
Also Read:India is faster than the US in moving goods; The World Bank’s index rose 6 places CEO pay is a hot topic of discussion in the tech space today. This becomes increasingly important in the face of job losses at large companies such as Alphabet. In January, Alphabet announced plans to lay off nearly 12,000 workers. This represents approximately 6% of the company’s global workforce. The company took drastic measures after months of cost-cutting and setting new priorities.
Apple CEO Tim Cook took a cut in his 2023 salary following the criticism. In the last two years, he received 100 million dollars as salary.
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