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Google CEO Sundar Pichai made nearly $200 million in 2016
According to a filing from Google's parent company, Alphabet (GOOGL, Tech30), the company's compensation committee attributed the generous pay to Pichai's promotion to CEO and "numerous successful product launches."
New York: Google CEO Sundar Pichai doubled the amount he made in 2015, as he received nearly $199.7 million in compensation last year.
According to a filing from Google's parent company, Alphabet (GOOGL, Tech30), the company's compensation committee attributed the generous pay to Pichai's promotion to CEO and "numerous successful product launches."
Alphabet's stock has soared this year, pushing it above a $600 billion market cap this week for the first time.
Pichai's base pay was a mere $650,000. On top of that, he received a stock award for $198.7 million.
Under Pichai's leadership and keen eye, Google has boosted sales from its core advertising and YouTube business, while also investing in machine learning, hardware and cloud computing. (ANI)