Google CEO Sundar Pichai owns estimated half-billion dollars in company stock

News of Google CEO Sundar Pichai’s $200 million compensation for 2016 raised eyebrows and aroused envy worldwide, and now a new report to stockholders has revealed Pichai, 44, owns an estimated half-billion dollars in restricted company stock.

The precise amount, according to Google parent firm Alphabet’s estimate, is $520,877,767, as of Dec. 31.

Pichai’s holdings are in the form of restricted stock shares given to employees, shares that can be cashed out on a schedule when they “vest.”

As of the end of last year, Pichai’s half-a-billion dollars worth of restricted stock shares hadn’t vested.

A considerable amount of his restricted share holdings flooded in last year, making up the vast majority of his $200 million in 2016 compensation. His restricted stock grants from 2015 amounted to about $100 million, according to Alphabet’s report.

The Google CEO’s stock hoard dwarfs those of other Alphabet executives. Company executive chairman Eric Schmidt, 61, has a paltry $77 million worth of restricted stock, while senior V-P of corporate development David Drummond trails with a mere $55 million and chief financial officer Ruth Porat is virtually in the poorhouse with only $45 million.

Google co-founders Alphabet CEO Larry Page, 44, and Alphabet president Sergey Brin, 43, are paid only $1 in salary per year at their request. The two held no unvested restricted stock at the end of 2016, according to the report, a proxy statement to shareholders in advance of Alphabet’s annual meeting of stockholders June 7.

 

Photo: Google CEO Sundar Pichai in 2013.  (Gary Reyes/Bay Area News Group)

 

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  • Mohammed Salahudeen

    FOR A PERSON WHO HAS LED THE COMPANY TO EARN BILLIONS, CAN’T HE HAVE EVEN HALF A BILLION.

 
 
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