Sundar Pichai’s salary became a question after Google Employees complain about his pay raise as cost cuts hit the rest of the company. As per the fillings, the pay show swelled to $226 million last year besides some stocks awards.
Highlights
- Pichai’s pay hike faces criticism from Google workers
- Google Employees complain about CEO Sundar Pichai’s pay
- Company announces a $70 billion stock buyback also drew the ire of employees
Google CEO Sundar Pichai is one of the richest CEOs in America and received a hefty pay raise last year. In the previous month, the company made an announcement of authorization of a $70 billion stock buyback
Meanwhile, Alphabet Inc. Google has been majorly cutting costs including the layoff of 12,000 jobs, due to the slowing revenue growth.
What has raised the ire of Google’s workforce? It is the confluence of events that raised it. Just after the pay of Sundar Pichai was made public the internal platforms were filled with conversation and memes criticizing CEO Sundar Pichai for taking a bump while deducting the costs elsewhere. Some also have criticized the share repurchase which was equaled its 2022 buyback.
According to the SEC filings given the accounts of Pichai’s pay which was a total of $226 million last year, and a major portion from a $218 million stock award which is awarded every three years. He also received the award last year which was around $276.6 million and total compensation was $280.6 million.
The package for 2022 includes nearly $6 million for personal security and $2 million as base pay. Where in 2021, he received a total of $6.3 million, including $2 million as pay and $4.3 million for other compensation.
Memes and comments are being viral on the internet comparing Sundar Pichai’s pay and the pay of the CEO of Apple Tim Cook, who in January received over a 40% cut in comparison to his 2022 pay. Likes and comments in memes show the interest of people in the complaint.
The company has not made any comments on such stories on the internet but the issue had also been in the news in previous years including some of the decisions taken by the CEO of the Company.
Also Read: 'Godfather of AI' Geoffrey Hinton is no more on Google, warns about the misuse of AI
