Sundar Pichai Salary – 1718 crore package to CEO Sundar Pichai; Basic salary will be 14 crores, 1704 crores shares
Sundar Pichai (47) received a package of $ 242 million (Rs 1718 crore) after becoming the CEO of Alphabet. Sundar Pichai Salary includes basic salaries of $ 20 million (Rs 14.2 crore) and $ 24 million (Rs 1704 crore) annually. Pichai’s new salary package will be applicable from 1 January. However, out of $ 24 million, the $ 120 million stock award will be received in quarterly installments. The rest of the annual performance will be based, ie if all the targets are met by Pichai, then shares will be available in three years.
Alphabet gave this information on Friday. On December 4, Pichai was announced to be CEO of Google’s parent company Alphabet.
Pichai gets the biggest stock award in the history of Google, Alphabet
In 2018, Pichai received a total salary of 19 million dollars (135 crore rupees). It had $ 6.5 million (Rs 4.6 crore) basic salary. Pichai refused to take the stock award last year, saying that the salary was enough. The Rs 1704 crore stock award is the highest ever received by an official of Google and Alphabet.
Top 5 CEOs with the highest annual package
Salary allowances (Rs) in CEO / Company 2018
Elon Musk, Tesla 3591 million
Brendan Kennedy, Tilray 1792 million
Bob Iger, Walt Disney 1022 million
Tim Cook, Apple 957 million
Nikesh Arora, Palo Alto Network 910 million Apple CEO Tim Cook received a total salary of $ 141 million (Rs 957 crore) last year. Microsoft CEO Satya Nadella’s salary increased 66% last year. He received a compensation of $ 4.29 million (Rs 306.43 crore) in the last financial year (2018-19). It was mostly in the form of a stock award. The basic salary was 2.3 million dollars. Nadella’s package was $ 2.58 million (Rs 184.28 crore) in 2017-18. Larry Page, the former CEO of Alphabet, and Jack Dorsey, CEO of Twitter, took a notional salary of just $ 1-1 last year.