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Sundar Pichai Gets Massive Income $242 Million Stock Package After His Promotion

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Sundar Pichai Gets Massive Income $242 Million Stock Package After His Promotion

Sundar Pichai CEO of Alphabet and Google will carry home a $240 million stock package ($90 million of it tied to Alphabet’s performance) on top of a $2 million annual salary in 2020.

Alphabet said in a Securities Exchange Commission filing on Friday that Pichai will also start receiving a substantial raise from January 1 to $2 million a year, reports the Mercury News.

 The compensation package is being given in recognition of Pichai’s “expanded role as CEO of Alphabet and Google”.

On Thursday (19.12.2019) Pichai had received $90 million in stock awards that will vest by the end of 2022 “depending on Alphabet’s shareholder returns compared to the S&P 10o said by the organizers.

The reports of the organizers also said that Pichai had also received two other stock grants, of $120 million and $30 million, neither tied to performance but subject to his continued employment.

Signaling the end of an era, Google co-founders Larry Page and Sergey Brin decided to surrender their current positions in the parent company Alphabet earlier this month, making India-born Pichai the CEO of both Google and Alphabet.

Page and Brin both of them will be continuing their involvement as co-founders, shareholders and members of Alphabet’s Board of Directors.

Pichai joined Google in 2004 and helped lead the development of Google Toolbar and then Google Chrome, which grew to become the world’s most popular internet browser.

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