Published on April 28th, 2017 | by Sofia Vida0
This Is How Much Google’s CEO Doubled His Pay Last Year
Sundar Pichai, Google’s CEO, had a lot to celebrate last year. His total compensation came to nearly $200 million in 2016.
In 2015, the long time employee at Google had earned a salary of $652,500, and in 2016 it was $650,000. When he was named the company’s new CEO in a re-organization in August 2015, he received a stock award of $198.7 million in 2016. This was almost double his 2015 stock award of $99.8 million.
All of this brought his total compensation last year to $199.7 million, almost twice the $100.6 million he earned a year earlier.
CFO Ruth Porat also had a remarkable year. Porat earned $39 million in total compensation last year, up from $31 million in 2015.
Senior vice president for Google’s cloud operations Diane Greene, earned total compensation of $43.7 million last year.
In 2015 she had earned only $454,000 as a director on the board but was made an employee on December 17th.
Alphabet’s first quarter earnings topped estimates this week.
The company earned EPS of $7.73 versus the $7.39 that the the consensus from Thomson Reuters had looked for.
Revenue came in at $24.75 billion which was ahead of the $24.22 billion called for.
“We clearly continue to benefit from our ongoing investments in product innovation and have great momentum in our new businesses across Alphabet,” Porat said in a statement.
Disclaimer: We have no position in Alphabet Inc Class A (NASDAQ: GOOGL) and have not been compensated for this article.