Sundar Pichai, CEO of Google and former right-hand man to co-founder Larry Page is well on track to becoming the highest paid executive of a publicly traded company. The latest step is this respect is a $199 million stock grant, awarded to him from parent company Aplhabet Inc. on February 3.
The record high bonus consists of 273,328 Class C shares - restricted stock, which will vest in quarterly increments through 2019, if he remains on the job. So, the $199 million or so might be locked up for now, but it appears Mr. Pichai also got some walking around cash. On the same day, he sold 375 Class A common shares at $786.28 each and another 3,625 Class C capital stock at $768.84 a piece totaling just over $3M.
Google typically awards such equity awards to its executives every two years, so as to encourage a long-term view on the business. Itís definitely interesting to see how much Pichai nets in if he is still around at Google in 2018.
Google, for paying peanuts in tax, and the UK Government for letting them get away with it! They paid £130 million in tax which equates to about 3%. The actual rate of tax they should have paid is 20%.
Indeed, smart enough to do everything in their power to get OUT of India :)
Ironically it is not clear if India Inc's CEO will always be only Indian born!