Google's CEO Sundar Pichai, who dismissed 12,000 employees, has an annual income of over 30 billion yen, more than 800 times that of general employees


by World Economic Forum

According to documents submitted by Alphabet, Google's parent company, on Friday, April 21, 2023, Alphabet CEO Sundar Pichai's total compensation in 2022 reached $ 226 million (about 30.3 billion yen). turned out to be one of the highest paid CEOs in the world.

ALPHABET INC. - DEF 14A
https://www.sec.gov/Archives/edgar/data/1652044/000130817923000736/lgoog2023_def14a.htm



Alphabet CEO Pichai reaps over $200 million in 2022 amid cost-cutting | Reuters
https://www.reuters.com/technology/alphabet-ceo-pichai-reaps-over-200-mln-2022-amid-cost-cutting-2023-04-22/



Google CEO Sundar Pichai's 2022 Compensation Valued at $226 Million - WSJ
https://www.wsj.com/articles/google-ceo-sundar-pichais-2022-compensation-valued-at-226-million-e43ec06f



How Much Does Google (GOOGL) CEO Sundar Pichai Get Paid? - Bloomberg
https://www.bloomberg.com/news/articles/2023-04-21/alphabet-ceo-s-pay-soars-to-226-million-on-massive-stock-award



According to economic media Bloomberg, the median total compensation earned by Alphabet employees in 2022 is $ 279,802 (about 37.5 million yen), so Mr. Pichai's compensation will be 808 times that. In addition, according to documents submitted by Alphabet, Alphabet is spending $ 5.94 million (about 795 million yen) on CEO Pichai's security.

Pichai's compensation includes stock options every three years. The stock options received by CEO Pichai in 2022 were $ 218 million (about 29 billion yen).



In addition, Google's knowledge and information department senior vice president Prabhakar Ragavan and chief business officer Philip Schindler got stock options of $ 37 million (about 4.96 billion yen), highest financial Mr. Ruth Porat, the person in charge, got $ 24.5 million (about 3.28 billion yen). However, unlike Pichai CEO, executives' stock options are paid annually.

While CEOs and executives are getting huge rewards, Google is carrying out the largest layoffs ever in January 2023 as a cost-cutting measure, laying off 12,000 people.

Google dismissed 12,000 employees, affecting 'Area 120', an in-house incubator that has produced numerous products such as Gmail - GIGAZINE



In addition, Pichai also said that he would cut his own bonuses and salaries of executives after receiving this large-scale layoff. In addition, Mr. Porat also announced to employees that he would reduce various expenses within Google, such as closing in-house snack bars and cafeterias.

It was also reported that the development team for Google's genuine laptop, Pixelbook, was dissolved as part of cost reduction.

Google discontinues development of notebook PC 'Pixelbook' as cost reduction measure and disbands team - GIGAZINE



Behind Alphabet's quiet cost reductions, Pichai's CEO and executives are paid high compensation and stock options. There have also been criticisms.

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