Google CEO becomes the Highest Paid CEO in the US
In a securities filing, Alphabet revealed that it awarded Sundar Pichai, the Indian-born CEO of Google 273,328 class-C Google stocks. These stocks at the time of transfer were valued at $199 million. The company has revealed that these were transferred to him when he took over the role last October, and reportedly makes him the best-paid CEO in the United States.
The new shares granted to him lifts the value of Sundar Pichai’s stake in Alphabet to more than $650 million which is around 14,400 times the average wealth of a US citizen but still comfortably below the shares the stakes held by co-founders Larry Page and Sergey Brin, whose net wealth is around $34.5 billion $35.3 billion.
Google’s stock price has reportedly grown over 17% since Sundar Pichai took charge of work at Alphabet’s prime business earning the company billions in revenues.