India-born Google CEO Sundar Pichai best-paid CEO in US
By Pooja Sirpaul
| Wednesday, February 10, 2016 - 20:58
Sundar Pichai has beaten all records to become the highest paid boss in US. The CEO of Google has been issued around $199 million in stocks for the search engine giant’s new parent company Alphabet Inc.
According to an SEC filing, Pichai has been awarded 273,328 Class C stock units of Alphabet on February 3. With this addition, Pichai's holding has reached approximately $650 million, according to The Wall Street Journal.
According to a company filing, Pichai’s pay-out was declared to be £138 million. This amount is £8 million more than what Google had agreed to pay the UK Treasury in back taxes since 2005.
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Pichai was appointed Product Chief by CEO Larry Page on October 24, 2014 after which he was announced the CEO of the search giant on August 10, 2015. The position was taken up by Sundar upon the completion of the formation of Alphabet Inc. in October.
Sundar Pichai has replaced Eric Schmidt. According to company policies, his shares will vest in quarterly increments through 2019, depending on whether he remains Google CEO.