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Sundar Pichai will get Rs 1718 crore package in 2020, 200% increase in basic salary

Sundar Pichai will get Rs 1718 crore package in 2020, 200% increase in basic salary

Sundar Pichai will get a package of Rs 1718 crore ($ 242 million) annually after becoming the CEO of Alphabet. Pichai was recently named CEO of Google's parent company Alphabet. With this, the basic salary of Pichai has been increased by 200 per cent. The new salary package will come into effect from January 1, 2020. 

20 million dollars will be the basic salary

Pichai will receive $ 2 million (Rs 14.2 crore) as basic salary next year. At the same time, $ 24 million (Rs 1704 crore) will be available as a stock option. Out of $ 24 million, $ 12 million stock award will be received in quarterly instalments. In 2018, Pichai received Rs 4.6 crore basic salary as Google CEO, now it has increased by 200%. In 2018, Pichai received a total salary of 19 million dollars (135 crore rupees). It had a basic salary of $ 6.5 million (Rs 4.6 crore). According to Fox News, if Sundar Pichai works for 40 hours in a week, then his hourly salary would be $ 2,25,961, which is about Rs 1.60 crore.

Tim Cook and Satya Nadella are far ahead of Sundar Pichai

However, the salary and allowances that Sundar Pichai received were much lower than Apple CEO Tim Cook and Microsoft CEO Satya Nadella. Tim Cook got Rs 957 crore in 2018 and Satya Nadella got Rs 306 crore. At the same time, the highest salary allowance was given by Tesla CEO Elon Musk to him of Rs 3591 crore. 
Brenden Kennedy of Tilray received Rs 1792 crore, Walt Disney's Bob Tiger got Rs 1022 crore and Palo Alto Network's Nikesh Arora got Rs 910 crore. 

Who is Sundar Pichai?

Sundar Rajan is the real name of Sundar Pichai of Indian origin. He was born in Madurai (Tamil Nadu) in 1972 and grew up in Chennai. His mother Lakshmi was a stenographer and father Raghunath Pichai an electrical engineer. 

In 2015, Google became part of the Alphabet. Alphabet is a group of different companies. The company distinguishes Google from companies such as the Waymo (automated car) Verily (bioscience) Calico (biotech R&D) sidewalk lab (urban innovation) and Loon (internet availability in rural areas with balloon support).  

This is the market capitalization of Alphabet

After the announcement of the quarterly results, Alphabet's stock gained a massive return in one day in July 2019. Alphabet has a market capitalization of $ 893.33 billion. In this context, Google CEO Sundar Pichai had said that the annual revenue of cloud business has reached eight billion dollars. Paid clicks on Google properties also increased by 28 per cent year-on-year. 

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