French CEO's Salaries Carry Very Little Weight Compared With Sundar Pichai's
This week in France, Renault (27 Crores) and Peugeot Citroën (37 Crores) CEO-'s 2015 annual salaries gave rise to a major controversy. However, in...
This week in France, Renault (27 Crores) and Peugeot Citroën (37 Crores) CEO's 2015 annual salaries gave rise to a major controversy. However, in comparison with Google CEO's salary, these two carry very little weight.
Sundar Pichai, who became Google's Chief Executive Officer, made $100.5 million in 2015, according to a regulatory filing released on Tuesday.
The filing revealed Pichai was paid a salary of $652,500, awarded restricted stock worth $99.8 million (which will vest fully in 2017), and given "other" compensation of $22,935.
Last February, Google awarded Pichai $199 million in restricted stock, which was the biggest grant reported by a Google CEO, according to Bloomberg.
The two grants have brought Pichai’s holding of unvested restricted shares to $635 million as of Monday’s close in New York, according to data compiled by Bloomberg. He also holds unvested stock options valued at $11.6 million.
Alphabet typically grants equity awards to executives once every two years, a strategy it has said “encourages executives to take a long-term view of the business.”
Executive Chairman Eric Schmidt received $8.04 million for 2015, including a $1.25 million salary and $6 million cash bonus. Chief Financial Officer Ruth Porat was awarded $31 million, including $25.1 million in restricted stock.
Alphabet rose 0.1 percent to $734.42 a share as of 11 a.m. in New York, paring its decline for the year to 3.2 percent.