Alphabet's New CEO Pay Plan: $692M for Sundar Pichai

0:00On March 7th, Alphabet has filed a new compensation plan for its CEO Sundar Pichai that could pay him up to $692 million. Over the next three years, his base salary stays the same at $2 million per year, totaling $6 million for the period with the bulk coming from stock awards. Pichai has led Google as chief executive since 2015 and taken the helm in Alphabet since 2019, putting him among the world's highest-paid CEOs. The stock portion includes shares in Alphabet itself, plus stakes in its waymost self-driving unit and wing-drone delivery service, all tied to share, performance, and dividends. If Pichai leaves the company involuntarily before certain options vest, he would lose those unexercisable shares, a detail meant to keep incentives, aligned with long-term success for shareholders.