Google CEO Sundar Pichai gets $199.7 mn compensation

Sundar Pichai Google
Google’s India-born CEO Sundar Pichai received a stock award of $198.7 million in 2016, almost double his 2015 stock award of $99.8 million, a media report said.

That brought his total compensation in 2016 to $199.7 million, almost twice the $100.6 million he earned in 2015.

Pichai received a salary of $650,000 in 2016, slightly less than the $652,500 he earned in 2015, CNBC reported on Friday.

Pichai’s massive pay package came even as his two bosses and Google co-founders Larry Page and Sergey Brin, once again drew salaries of only one dollar for their roles as CEO and President, respectively, of parent company Alphabet.

But Page and Brin are each worth more than $40 billion through their stock holdings.

According to the report, Pichai’s raise came during a year when Google’s sales rose 22.5 percent and net income rose 19 percent as it maintained its position as the top seller of internet advertising.

The combination of demand from brands and marketers to reach mobile device users powered Alphabet’s overall revenue in 1Q17. Revenue growth of 22.2 percent to $24.8 billion, allowed Alphabet to deflect the impact of rising traffic acquisition costs and operating expenses related to Google’s seemingly perpetual expansion, and in 1Q17 Alphabet nearly equaled its 4Q16 record amounts of gross and operating profits, according to TBR.

Revenue growth in Alphabet’s Other segment, which includes its cloud portfolio, the Play app store and hardware such as the Pixel smartphone and Nest thermostat, was also a contributor.

An increase in the volume of internet searches originating from mobile devices across Android and iOS ecosystems is a testament to the size of Google’s addressable market.

Google leveraged new mobile advertising technologies and search algorithms to attract advertisers to its platforms, and collaborated with its largest brands and marketers to develop new technologies to sustain engagement with YouTube viewers across PCs, smartphones, tablets and connected devices such as Google Home and Chromecast.