Sundar Pichai, chief executive of tech giant Google, was recently given a king’s ransom in stocks by the company.
The Indian American, who was named to his post in August as part of a corporate restructuring when Google became a subsidiary of Alphabet, a new company run by Google founders Larry Page and Sergey Brin (I-W Aug. 11, 2015 http://bit.ly/1olwq8g), was granted 273,328 Class C shares by Google Feb. 3.
The shares amount to roughly $199 million.
Pichai, who joined Google in 2004, is generally known as a soft-spoken but highly effective manager. After leading efforts to build the company's Chrome browser and related products, Pichai was given responsibility in 2013 for Google's Android mobile operating system — a crucial role as the company was seeing much of its Internet business shift to mobile devices.
The stock award by Google catapults Pichai to one of the highest paid CEOs. According to Equilar, the highest paid CEO of 2014 was David Zaslav of Discovery Communications.