Google CEO Sundar Pichai's 2022 pay details are out: $2 million in base salary, $6 million for private security and his once-every-three-years treat — an absolutely massive stock award.
to staff announcing the layoffs, said the firm had overhired during the pandemic and wrote, “I take full responsibility for the decisions that led us here.”
It will be up to Pichai and his leadership team, who received eight-figure compensation packages for 2022, to keep morale high and fend off Microsoft’s attempt to turn Bing into a Google Search rival. But the notice, like the layoffs before it, shows the apparent disconnect between executive leaders and the workforces that run their companies.
Pichai’s package is 808 times larger than the median Alphabet employee pay in 2022, which was $279,802. CEOs’ annual compensation packages have dramatically outstripped the growth of employee pay over recent decades, according to theAlphabet decided to tie more of Pichai’s compensation directly to the company’s short-term financial success than it did in past years.
What’s more, Alphabet’s stock has already climbed more than 12% since a dip in November, when the stock awards were calculated. Come 2026, when the awards are fully vested, Pichai’s 2022 pay out could be worth tens or hundreds of millions more. Pichai, 50, briefly worked as a consultant at McKinsey before joining Google in 2004. He became a senior vice president in 2013, leading Android, Google Chrome and the Google Apps suite before taking charge of the Product division altogether. Then, in 2015, he began as Google CEO before taking over Alphabet’s top job from Google co-founder Larry Page in 2019.
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