Talk about a bonus – Google CEO Sundar Pichai just got a friendly slap on the back to the tune of a $199 million Alphabet stock grant, making him the highest paid CEO in America. A recent SEC filing revealed the record grant, the highest ever paid to a Google executive officer.
Pichai was awarded the stock just six months after accepting the role of Google CEO as Larry Page moved onto to run its newly-formed parent company Alphabet Inc. The stock grant, which will vest in quarterly increments until 2019 if Pichai remains at Google, reportedly brings Pichai’s holdings in the company to around the $650 million mark.
Other high-value stock grants listed at the SEC included $42.8 million for Diane Greene, Google’s cloud business chief and $38.3 million for Ruth Porat, Alphabet’s CFO. Google reportedly only offers stock grants once every two years, to encourage executives to take a long-term view of the business. Former Google CEO, Eric Schmidt, who held the CEO position for a decade, walked away with over $3 billion in shares.
What’s the best bonus you’ve ever received from your boss?