it seems that the C in Alphabet stands for crazy money.
Google CEO Sundar Pichai acquired nearly $ 199.7 million in compensation last yr, double the quantity he made in 2015, in line with a filing Friday from Google’s father or mother firm, Alphabet (. , Tech30)
Pichai’s base pay was a mere $ 650,000. On prime of that, he obtained a stock award for $ 198.7 million. the company’s compensation committee attributed the lavish pay to Pichai’s merchandising to CEO and “a large number of successful product launches.”
Pichai, a longtime Google govt, took over as CEO as part of a company restructuring in 2015. Larry web page, Google’s cofounder and former CEO, shifted his focal point to growing new companies underneath the Alphabet umbrella.
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under Pichai, Google has boosted sales from its core advertising and YouTube industry, whereas additionally investing in machine learning, hardware and cloud computing.
In 2016, Google unveiled new smartphones, a digital truth headset, a router, and a voice managed sensible speaker similar to the Amazon Echo.
These efforts have started to pay off for the corporate.
Google’s “other revenues,” a category that features hardware and cloud products and services, hit virtually $ 3.1 billion in probably the most contemporary quarter, a acquire of about 50% from the identical quarter a 12 months earlier.
Alphabet’s stock has soared this 12 months, pushing it above a $ 600 billion market cap this week for the first time.
CNNMoney (ny) First published April 28, 2017: 6:07 PM ET
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