NEW DELHI: It was in December 2019 that Sundar Pichai was promoted from Google CEO to be the CEO of Alphabet — the parent company which has many other businesses under its umbrella. A bigger role and more responsibilities meant a jump in the annual compensation that Pichai would receive. Wondering how much Pichai earned in 2020? According to the annual proxy filing made by Google with the US Securities and Exchange Commission, Pichai’s ‘base’ salary was $2 million (roughly Rs 15 crore) in 2020. In the filing, Alphabet mentions, “For 2020, the Leadership Development and Compensation Committee increased Sundar’s base salary to $2.0 million in recognition of his expanded role as Chief Executive Officer of Alphabet and Google.”
In addition to this, Pichai got close to $5 million under the head “All Other Compensation” which made his total compensation about $7.4 million (roughly Rs 52 crore).
Prior to becoming CEO of Alphabet, Pichai’s base salary was about $6.5 lakh (roughly Rs 4.8 crore) in 2019. All Other Compensation in 2019 was close to $3.3 million.
Pichai, as CEO of Alphabet and Google, was also granted $240 million stock package in 2019. The stock options, as per the proxy filing, will vest in 2023. “…changes implemented to Sundar’s compensation structure last year, these PSU awards will vest, if at all, on December 31, 2023, based on the Total Shareholder Return (TSR) performance of Alphabet relative to the companies comprising the S&P 100 over a 2021-2023 performance period, subject to continued employment on the vesting date.” So the value of stock options will depend on how Google and Alphabet actually perform in the next couple of years.