Alphabet\u2019 CEO Sundar Pichai is getting a raise. The owner of\nGoogle\u2019s famous companny said last Friday that the CEO of the company will\nreceive a payment package of up to 240 million dollars in addition to an annual\nsalary of the remaining 2 million dollars.<\/p>\n\n\n\n
The in the CEO\u2019s salary boom comes after Google co-founders\nLarry Page and Sergey Brin said earlier this month that they were stepping down\nfrom Alphabet\u2019s leadership to leave Pichai to run the entire conglomerate. The\ncompany said that this salary increase is recognition of the great role that\nPichai plays with Google and Alphabet. According to the Bloomberg Pay Index,\nthe total compensation awarded to Pichai in 2018 was $1.9 million.<\/p>\n\n\n\n
But although Page and Brin have given up official executive\nroles, they will maintain control of voting on the company’s board of\ndirectors.<\/p>\n\n\n\n
Pichai’s salary increase will take effect on January 1, 2020\nand he will be awarded a payment package of $240 million in the company’s\nshares over a three-year period if Pichai achieves the performance targets set\nby the company. He could also receive an additional $90 million in stock awards\nif the Alphabet shares outperform the Standard & Poor’s 100 index,\naccording to Bloomberg.<\/p>\n\n\n\n
The announcement comes as Alphabet faces some severe\nturmoil, which Pichai will have to deal with wisely. The relationship between\nthe company’s management and the appropriate high-ranking employees has become\ntense, as workers protest everything from Google’s work with the military to\nthe company’s handling of sexual assault allegations. Google also faces\nmultiple monopoly investigations by federal officials and state employees.<\/p>\n\n\n\n
Pichai will also have to deal with the changes he has made\nto the company\u2019s historically open culture. Last month, Pichai said that Google\nwould scale back its municipal meetings, an old tradition of the company. He said\nthat the meetings will be held monthly instead of weekly or bi-weekly, because\nof a “coordinated effort” to leak the comments made in the internal\nmeetings.<\/p>\n","protected":false},"excerpt":{"rendered":"
Alphabet\u2019 CEO Sundar Pichai is getting a raise. The owner of Google\u2019s famous companny said last Friday that the CEO of the company will receive a payment package of up to 240 million dollars in […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30],"tags":[93,36,34,145,114,127,48,24,78,131,44,10,58,57,70,47,86,31,18,80,46,109,85,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1537"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1537"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1537\/revisions"}],"predecessor-version":[{"id":1539,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1537\/revisions\/1539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1538"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}