CEO Sundar Pichai was the highest paid exec disclosed by parent company Alphabet last year
Joan E. Solsman | March 29, 2016 @ 7:19 AM
Last Updated: March 29, 2016 @ 7:21 AM
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Google CEO Sundar Pichai received total compensation worth $100.5 million last year, according to a filing with the Securities and Exchange Commission Tuesday, handing him the highest pay disclosed by the search giant’s parent company, Alphabet.
The vast majority of his pay was in stock awards. Pichai’s stock compensation was valued at $99.8 million. He received a salary of $652,500. The filing didn’t provide details on his pay in past years.
Google restructured itself last year under an umbrella company called Alphabet, with Pichai named CEO of the largest unit, the one housing the company’s biggest businesses like search, Android and YouTube. Pichai, a trusted lieutenant to founder and Alphabet CEO Larry Page, was the company’s product czar, handling many of its most meaningful businesses like search, maps and Android.
On the flip side, Eric Schmidt, Google’s CEO for a decade until 2011 who now serves as Alphabet’s chairman, saw a giant drop in his compensation. Schmidt’s total pay fell to $8 million from $108.7 million a year earlier, again fundamentally because of changes in stock awards. He received no stock-based compensation last year after awards worth $100 million in 2014.
Tuesday’s filing indicated Page and cofounder Sergey Brin continued to receive a $1 salary with no stock awards or bonuses in 2015, a practice they’ve held for years.
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