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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 comparison with Google CEO\'s salary, these two carry very little weight.
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.
