Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Alphabet CEO Pichai reaps over $200 million in 2022 amid cost-cutting

Published 04/21/2023, 08:45 PM
Updated 04/22/2023, 08:05 AM
© Reuters. FILE PHOTO: Sundar Pichai, chief executive officer of Alphabet, looks on during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse/File Photo
GOOGL
-
GOOG
-

(Reuters) - Alphabet (NASDAQ:GOOGL) Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee's pay, the company said in a securities filing on Friday.

Pichai's compensation included stock awards of about $218 million, the filing showed.

The pay disparity comes at a time when Alphabet, the parent company of Google, has been cutting jobs globally, The Mountain View, California-based company announced plans to cut 12,000 jobs around the world in January, equivalent to 6% of its global workforce.

Early this month, hundreds of Google employees staged a walkout at the company's London offices following a dispute over layoffs.

In March, Google employees staged a walkout at the company's Zurich offices after more than 200 workers were laid off.

Latest comments

No justification for a compensation plan that rewards a CEO of publicly. held company hundreds of millions. Greed in corporate America is alive and well.
He is the most overpaid CEO in history, next to Intel’s CEO.
pleasure in the suffering of others, how many people lost their jobs
I don't get it. Sure, who doesn't want to be wealthy? But, were I in this sociopath's shoes, I'd say, "$20 million is enough for me if it means a few thousand people get to keep their jobs." And this despicable human is assuring us he know what he's doing with AI.
meh....if it didn't go to him it would go to shareholders, not workers anyway imho
ww where it should go, to shareholders. this is nothing less than colluded theft. c suite is way way over compensated. a real racket.
Laying off employees benefits are surging share price and executives salary
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.