Google just gave Sundar Pichai a $692M pay package
Sundar Pichai’s new pay package could be worth $692 million. Per one submit First spied on by the FTAlphabet has signed a three-year deal for its CEO from Google that could make him one of the highest-paid executives in the world – but most of that is tied to performance, including new stock incentives tied to Waymo and Wing, its drone delivery business.
What is striking is how little public fascination Pichai attracts compared to Google’s founders. Larry Page and Sergey Brin – the second and fourth richest people in the world – have been making headlines lately for a very different reason; both have been buying up lavish properties in Miami, widely seen as a response to California’s proposed Billionaire Tax Act — a ballot initiative aimed at the state’s roughly 200 billionaires with a one-time 5% levy on a net worth of more than $1 billion. Page recently reportedly spent more than $173 million on two mansions in Coconut Grove, Florida, while Brin was just linked to a mega-mansion worth $51 million 14 miles awayin addition to two previous purchases totaling $92 million.
Pichai, on the other hand, remains quietly rooted in Los Altos, California, as far as the public knows. He’s also a billionaire: Google’s nearly sevenfold growth in market capitalization since he took the helm in 2015 has made the shares he’s picked up along the way immensely valuable. He and his wife currently own shares worth almost $500 millionwith a different estimate $650 million sold starting last summer, according to Bloomberg calculations.
