Creating an example for good work yields good results, Tech giant Google's Indian origin CEO Sundar Pichai made a whopping $199.7 million in compensation for the year 2016, which is almost double the amount of what he made in 2015. According to a regulatory filing by Google's parent company Alphabet Inc., Pichai's 2016 compensation consisted of a base pay of $650,000 and a stock award for $198.7 million. The 273,328 Class C shares that vest quarterly through 2019 if Pichai remains on the job made a huge chunk of the Indian-origin executive's compensation.

Pichai assumed the position of chief executive of Google after the creation of Alphabet, its parent company. He took over the reins from Larry Page who became chief executive of Alphabet. The stock award was granted to Pichai about six months after the tech business announced it would reorganize into holding company Alphabet.

Pichai joined Google in the year 2004, initially as a leading product management on a number of Google's client software products, like Google Chrome, Chrome OS, and Google Drive. He slowly, slowly climbed the ladder and became the chief executive of the company.

Prior to Google, Pichai has worked in engineering and product management department at Applied Materials and as a management consultant at McKinsey & Company.

Pichai's envious paycheck is well deserved as under Pichai's leadership, not only did Google witness a 17.8 per cent jump in core ads business last year but it also ended up significantly boosting its revenue in cloud and hardware, which has been a long-sought goal of the tech giant. Its worth mentioning that Google’s ‘other revenues’ category, which includes cloud services and hardware, hit the $3.1 billion mark in the recent quarter, churning about 50 per cent gain the quarter a year before. Furthermore, last year, the company officially made its smartphone debut with its first set of self-branded smartphones called Pixel and Pixel XL.

According to recent report by eMarketer, Google under Pichai will continue its good run even in this year and dominate the US digital ad revenue with a 40.7 per cent share, surpassing that of Mark Zuckerberg's Facebook’s share in the market. In addition to the ad revenue, the tech giant's display business is also estimated to reach to $5.24 billion this year. According to tech and business experts, the Mountain View, California-based company's dominance in search coming from consumers who are making use of their smartphones to look up for information made a large chunk of the tech giant's projected success this year.

The 44-year-old IIT educated, Chennai raised executive has also kept a close eye on his birth country and its progress. In fact, he has time and again revealed about his plans to further accelerate the Indian government's push towards digital economy. Earlier this year, Pichai visited India to unveil Google's Digital Unlocked program, a program aimed at getting all of India's 51 million small and medium businesses (SMBs) online.

[Image Credit: Justin Sullivan | Getty Images]

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.