Washington: Google CEO Sundar Pichai, who is of Tamil Nadu origin, is expected to see his total compensation rise sharply over the next three years, according to reports.
A report carried by the US-based Financial Times said Pichai’s overall package could reach Rs 6,361 crore. A major portion of this amount is not expected to be paid in cash, but through stock-based awards.
The report noted that Pichai is set to receive Google shares worth about Rs 1,000 crore, along with monthly stock grants over the next three years valued at around Rs 700 crore. His annual salary is reported to be about Rs 16 crore.
In addition, he could receive up to Rs 2,900 crore in extra shares depending on the progress of new technologies such as driverless cars and drone-based delivery. The report also pointed to Alphabet’s growth since 2015, when Google’s valuation was about Rs 44 lakh crore, rising to around Rs 300 lakh crore now, as a key reason for the pay increase.
