Within a span of two years, Google CEO Sundar Pichai made several achievements in the company, now he has achieved a new feat by becoming the the highest-paid chief executive officer in United States with $199m (£138m) worth of shares.
Soon after being elevated to top post, Pichai announced the restructuring process of the company, which made Alphabet Inc a part of it and for this rewarding work, Google honored him with 273,328 shares.
The Alphabet Inc, which is the parent company to Google, “holds roughly $650m – or 14,440 times the $45,000 median net worth of US citizens as calculated by Credit Suisse,” says media reports.
Definitely, it’s a moment of celebration for Indian-American Sundar Pichai, who shared his joy on Twitter.
— sundarpichai (@sundarpichai) February 8, 2016
An Alphabet spokesman, at first, refused to comment on this news by saying Google typically grants equity awards to executives once every two years, a strategy it has said “encourages executives to take a long-term view of the business, ” Economics Times quoted an unnamed Alphabet Spokesperson.
However, despite being the highest paid CEO in America, Pichai is still far from the level of Google’s founders, Larry Page and Sergey Brin, who were holding the shares worth $34.6bn and $33.9bn.
(With Agency Inputs)