India-born Sundar Pichai, the CEO of Google, got a stock reward of almost $200 (approximate Rs 1291 cr) compensation package last year for running the most popular search engine company in the world. The compensation he got is almost the double the $100.6 million he earned in 2015.
44-year-old Pichai received received a $650,000 salary in 2016. This is slightly less than what he earned $652,500 in 2015, in addition to personal security services and air travel valued at $372,000.
According to the report, Pichai’s raise came after Google’s sales rose 22.5 percent and net income rose 19 percent.
Alphabet, the google’s parent company, gave the award to Pichai in January 2016. Pichai still reports to Larry Page, a Google co-founder who is now Alphabet’s CEO. Google co-founders, Larry Page and Sergey Brin, draw salaries of only one dollar for their roles as CEO and President.
Internet Companies lured Pichai
Many rival Internet companies tried to woo Chennai-born away from Google. Twitter also offered enticing package to Pichai, to run its consumer products division. In 2014, Pichai was also reported as major contender to replace Steven Ballmer as chief executive at Microsoft.
Pichai joined Google in 2004, where he led the product management and innovation efforts for a suite of Google’s client software products, including Google Chrome. In Aug 2015, he became the CEO of Google.