Sundar Pichai has been Awarded $199m Worth of Shares

Sundar Pichai Talks During Mobile World Congress | AP Photo/Manu Fernandez

The boss of Google, Sundar Pichai, has been awarded $199m (£138m) worth of shares, making him the highest paid chief executive in the US.

Image Courtesy of: I'm kinda big deal

Pichai, who became Google’s CEO in October following its reorganisation into holding company Alphabet, was handed 273,328 shares, according to a company filing, worth $199m when they were awarded.

Photo Source : DigiPerform

Pichai, the former deputy of Google co-founder Larry Page, was named to run the search engine unit following the reorganization into holding company Alphabet last year. The award is the biggest ever given to a Google executive officer whose equity grants have to be reported in filings, according to data compiled by Bloomberg. It is Pichai’s first award since taking over the company’s highest-grossing unit. But still It is also a lot less than Google’s former CEO, Eric Schmidt, who holds shares worth $3bn.

Photo Source : innov8tiv

The new award vests in quarterly increments over the next four years as long as Mr. Pichai is employed by Alphabet.

Share on Google Plus

About Unknown

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.