Google has the perfect-paid CEO within the US
AP Photograph/Altaf Qadri
Google is an monumental firm by most requirements, however it now has another notch underneath its belt: the US’ greatest-paid CEO. An organization SEC submitting has revealed that Sundar Pichai acquired the equal of $199 million in inventory earlier in February, giving him a complete $650 million stake in Alphabet. He will not get to money that in all of sudden (the shares vest in quarterly phases by means of 2019), however that is some huge cash for 3 years’ work. As compared, Apple’s Tim Prepare dinner obtained “simply” $376.2 million when he assumed the CEO position.
Pichai is not the wealthiest individual in Alphabet. Because the Guardian explains, Google founders Larry Web page and Sergey Brin are each value about $34 billion; ex-CEO Eric Schmidt has about $three billion in inventory. Nevertheless, the avalanche of shares says quite a bit about Alphabet’s willpower to maintain Pichai round for the long run. It actually does not need to lose the chief that has taken Android, Chrome and net search to new heights, particularly not when rivals like Fb might afford to poach him. Until Pichai has a sudden change of coronary heart, he’ll have loads of incentives to stay round for an extended, lengthy whereas.