Houston: Google's India-born Chief Executive Officer Sundar Pichai took home nearly US $200 million (roughly Rs 1,285 crore) last year, double the amount he got in 2015. Mr Pichai, 44, received a salary of US $650,000 last year, slightly less than the US $652,500 he earned in 2015.
But the long-time Google employee, who was named the company's CEO during the company's reorganisation in August 2015, received a stock award of US $198.7 million in 2016, roughly double his 2015 stock award of US $99.8 million.
The company's compensation committee attributed the lavish pay to Mr Pichai's promotion to CEO and "numerous successful product launches", the CNN reported.
Larry Page, Google's co-founder and previous CEO, shifted his focus to growing new businesses under the Alphabet umbrella. Under Mr Pichai, Google has boosted sales from its core advertising and YouTube business, while also investing in machine learning, hardware and cloud computing, the report said.
In 2016, Google unveiled new smartphones, a virtual reality headset, a router, and a voice controlled smart speaker. These efforts have started to pay off for the company. Google's "other revenues", a category that includes hardware and cloud services, hit nearly USD 3.1 billion in the most recent quarter, a gain of about 50 per cent from the same quarter a year earlier. Alphabet's stock has soared this year, pushing it above a USD 600 billion market cap this week for the first time, the report said.
But the long-time Google employee, who was named the company's CEO during the company's reorganisation in August 2015, received a stock award of US $198.7 million in 2016, roughly double his 2015 stock award of US $99.8 million.
The company's compensation committee attributed the lavish pay to Mr Pichai's promotion to CEO and "numerous successful product launches", the CNN reported.
In 2016, Google unveiled new smartphones, a virtual reality headset, a router, and a voice controlled smart speaker. These efforts have started to pay off for the company. Google's "other revenues", a category that includes hardware and cloud services, hit nearly USD 3.1 billion in the most recent quarter, a gain of about 50 per cent from the same quarter a year earlier. Alphabet's stock has soared this year, pushing it above a USD 600 billion market cap this week for the first time, the report said.
Advertisement
COMMENTS
Advertisement
7th Pay Commission: Karnataka Announces Over 27% Salary Hike For Employees "Shocked": Tim Cook, Sundar Pichai Condemn Attack On Donald Trump At US Rally ITR Filing Made Easy: Essential Documents You Need For Income Tax Return Filing 25,000 Aspirants For Airport Jobs Paying Rs 22,000: A Mumbai Stampede Scare Siddaramaiah Deletes Post On 100% Quota Bill, Karnataka Minister Clarifies Puja Khedkar's Disability Document Has Factory Address, Ration Card Proof Huge Fire At Gulati Restaurant In Delhi's Pandara Road, No Casualty "This Is The Final Straw": Elon Musk Moving X And SpaceX Out Of California Urvashi Rautela's Bathroom Video Real Or PR Stunt? Internet Debates Track Latest News Live on NDTV.com and get news updates from India and around the world.