SAN FRANCISCO – Google CEO Sundar Pichai (soon-DAHR pee-CHAY) received a $200 million compensation package last year for running the internet company that makes nearly all the money for Alphabet Inc.
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Most of the pay consisted of Alphabet stock that the company valued at $198.7 million in securities documents filed Friday. Alphabet gave the award to Pichai in January 2016, a few months after he succeeded Larry Page as Google's CEO. Pichai still reports to Page, a Google co-founder who is now Alphabet's CEO.
Page limits his annual pay to $1 because he already has an estimated fortune of $41 billion.
The stock that Pichai received will vest in quarterly increments through January 2020.
The 44-year-old Pichai also received a $650,000 salary last year in addition to personal security services and air travel valued at $372,000.