Alphabet CEO Sundar Pichai earned $226 million in a year – Kommersant
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At the end of 2022, the head of Alphabet, Sundar Pichai, received a total of $ 226 million, with a significant part of the remuneration in the form of shares. As seen from reporting Alphabet for the US Securities and Exchange Commission (SEC), securities accounted for $218 million of the total consideration.
The filings indicate that Sundar Pichai’s annual salary from 2020 to 2022 was $2 million. The total remuneration also includes $6 million earmarked for the personal safety of the head of the company. Other top managers of Alphabet received at the end of 2022 from $22 million to $35 million in the form of shares.
Data on the annual remuneration caused a very heated discussion in the world’s media. There are several reasons for this. For starters, according to Fortune, the amount Mr. Pichai earned last year is more than 800 times the company’s average annual salary. In addition, experts say, Alphabet is rather weak reported for 2022. Net profit at the end of the year fell by 21%, to $60 billion, revenue grew by 10%, to $282.6 billion. Finally, in January, Alphabet announced the upcoming reduction 12 thousand employees to reduce costs. This month, Chief Financial Officer Ruth Porat said Alphabet will cut spending on laptops and other services to the same end. The company will publish financial statements for the first quarter on April 25.
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