Sundar Pichai to earn $692 million over next 3 years
Alphabet CEO Sundar Pichai is set to earn up to $692 million over the next three years, thanks to a new board-approved deal announced this week.
The package mixes performance-based stock, monthly-vesting shares, and a $2 million annual salary.
Breakdown of Pichai's deal
Pichai's deal includes $126 million in performance stock units (tied to how well Alphabet does compared to other top companies), plus $84 million in restricted stock that vests every month.
He'll also get extra rewards, $130 million for Waymo (Alphabet's self-driving car project) and $45 million for Wing (its drone delivery startup) if those divisions hit their goals.
Alphabet's financial success and future bets
This massive pay bump comes as Alphabet is crushing it financially: Profits jumped 30% last quarter, and its value has soared from $535 billion in 2015 to $3.6 trillion today.
Pichai's new package now puts him way ahead of other tech CEOs like Satya Nadella or Tim Cook, highlighting just how much Alphabet is betting on his leadership and its future tech bets.