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Alphabet CEO Sundar Pichai receives hefty pay raise, to get $242 mn in 2020

If Alphabet shares outperform the S&P 100 Index, Pichai could receive an additional $90 million in stock grants.

Google, Sundar Pichai
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Google CEO Sundar Pichai speaks at an event to announce 'Digital Unlocked' skill program in New Delhi on Wednesday (Photo: Dalip Kumar)

Sophie Alexander and Gerrit De Vynck | Bloomberg
Bloomberg Sundar Pichai is getting a hefty pay raise. The new Alphabet Inc. chief executive officer will receive $240 million in stock awards over the next three years if he hits all of his performance targets, as well as a $2 million annual salary beginning in 2020, the firm said Friday in a filing.

If Alphabet shares outperform the S&P 100 Index, Pichai could receive an additional $90 million in stock grants. It’s the first time the company has bestowed performance-based stock awards. Pichai, 47, was named to the top job this month after Google co-founders Larry Page and Sergey