Google CEO Sundar Pichai cleans up with massive stock payout

Google and Apple may be butting heads over who’s the most valuable company these days, as shifting stock prices push top valuation back and forth between the two tech giants. But no matter which firm is currently in the top spot, there’s no denying that the executives behind these companies are leading efforts that bring in billions upon billions for their respective employers. Earlier this month we saw Alphabet post its latest revenue data, with Google bringing in $74.5 billion over all of 2015. Being responsible for that kind of windfall doesn’t go unnoticed in Mountain View, and Google CEO Sundar Pichai was just rewarded for his leadership with a stock grant worth just shy of $200 million.

Pichai gets shares vesting quarterly through 2019 that total some $199 million.

He’s not alone with the big paydays, either, and Google’s head honcho of all things cloud Diane Greene is getting stock worth $42.8 million, while CFO Ruth Porat takes home a $38.3 million stock package that matures at the same pace as Pichai’s.

Those are some pretty darn respectable payouts for everyone involved, and regarding Pichai’s in particular, represent the most substantial equity grants Google’s publicly reported for an executive. Remember kids, the trick to making a lot of money is easy: just head up one of the world’s biggest companies.

Source: Bloomberg
Via: The Verge

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bits Read more about Stephen Schenck!