Sundar Pichai is now the managing director of Alphabet, in addition to Google, after the two founders Larry Page and Sergey Brin decided to take a step back. The new responsibilities will also involve an increase in salary – shown in the details thanks to a document filed recently with the SEC american.
From 2020 forward, Pichai will receive a salary of 2 million dollars a year; up until the previous year had to be “satisfied” of 650,000 dollars, always the year. But these are just peanuts, if we forgive the moment of light, faint: the real money comes from the bonus, usually in shares, which are paid if the company reaches certain financial goals and not. Doing a calculation based on the current value of the shares of the Alphabet, here is what you might take home Pichai in the next few years:
- up to $ 45 million based on the performance of the shares in relation to the other companies included in the top 100 by Standard & Poor’s in the period 2020-2021.
- Up to $ 45 million based on the performance of the shares of the Alphabet in relation to other companies in the top 100 by Standard & Poor’s in the period 2020-2022.
- $ 120 million dollars that will be released in 12 tranches of $ 10 million on a quarterly basis by march 30, 2020 onwards.
- 30 million dollars as a prize of the transition that will be released in 4 tranches of $ 7.5 million on a quarterly basis by march 30, 2020 onwards.
It is important to note that the figures in the first two points could vary (decrease) significantly if performance is below expectations, but the other 150 million are virtually sure – everything that Pichai has to do is maintain its charge. Before being promoted, the heritage of the leader had already been estimated at around 600 million dollars.