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Google CEO Sundar Pichai was paid over $ 100 MILLION on his first year in the job, public filing reveals

Google CEO Sundar Pichai was paid over $ 100 MILLION on his first year in the job, public filing reveals
The 43-year-old newly-promoted CEO got $ 99.8m restricted stock last year
That was added to his annual $ 652500 salary, a filing revealed on Tuesday
And last month he received $ 199mrestricted shares, which is the most any Googleexecutive has been awarded
For more of the latest Google news visit www.dailymail.co.uk/google

GoogleCEO Sundar Pichai was paid $ 100.5 million on his first year in the job, a new filing has revealed.

On top of Pichai's $ 652500 annual salary, Tuesday's public reportshows he also received $ 99.8 million in restricted stock in 2015 which will be fully vested in 2017.

The news comes just a month after Pichai was handed $ 199 million in restricted shares - the most lucrative award ever handed to a Google executive.

Once deputy to Google co-founder Larry Page, rising star Pichai was promoted to the top spot at Google Inc when parent company Alphabet was founded in August 2015.

The $ 199 million is the sum of 273328 Class C shares.

According to Bloomberg, granted Pichai remains in his position for at least three years, the shares will vest in quarterly increments between now and 2019.

  It is customary for Google to award executives restricted stock about once every two years in a bid to encourage then 'to take a long-term view of the business'.

The director of the firm's cloud operation, Diane Greene, received an award of $ 42.8 million, while CFO Ruth Porat got $ 38.3 million.

Alphabet overtook Apple to become the world's most valuable public company on February 1 after it reported better-than-expected quarterly revenue.

It reported a rise in profit to $ 4.9 billion, up from $ 4.7 billion in the same period last year, boosted by strong sales of advertising on mobile devices and YouTube

As stock markets opened following the results, Apple was valued at $ 534bn - with Google passing them at $ 554bn.

In the first regular hours of trading, Alphabet shares rose about 4 percent to push the company's market capitalization to about $ 539 billion.


Google CEO Sundar Pichai was paid over $ 100 MILLION on his first year in the job, public filing reveals
Alphabet overtakes Apple to become world's most valuable
Google CEO Sundar Pichai was paid over $ 100 MILLION on his first year in the job, public filing reveals
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Apple, with investors uneasy about iPhone sales, lost about 1 percent, dropping its market capitalization to a mere $ 530 billion.

Alphabet, announcing its first results under a new reporting structure aimed at improving transparency, said consolidated revenue jumped 17.8 percent to $ 2133 billion in the fourth quarter ended Dec. 31 from $ 1810 billion a year earlier, last month.

This year, the tech industry is fixated on Pichai's first significant moves.

Silicon Valley applauded the 'long-awaited' promotion of the 43-year-old rising star in Google's radical shake-up in August.

Twitter tried to poach him in 2011 and he was slated to become Microsoft CEO in 2013 but stuck with Google - where he has ascended to the top in just over six years.

The married father-of-two (one son, one daughter) was born in Chennai, India.

Pichai moved to America after his bachelor's degree in engineering from the Indian Institute of Technology Kharagpur.

He went to Stanford for his MSc, the University of Pennsylvania for his MBA, then worked in business management and engineering before joining Google in 2004.

At Google he was one of the driving forces behind Gmail and Google Maps, and has headed up the development side of Chrome and Chrome OS.

He is widely described as' nice ',' mild-mannered 'and warm'

Pichai used his first official visit to India in December to outline plans to bring hundreds of millions of Indians online, including installing free wifi at railway stations.

Google CEO Sundar Pichai was paid over $ 100 MILLION on his first year in the job, public filing reveals

He said the tech giant intended to cover 100 of India's stations by the end of 2016 after launching the first train station, Mumbai Central, online in January.

India is a vast yet challenging market for Google with only a quarter of its 1.2 billion citizens online, most of whom access the web through cheap smartphones which often run on slow 2G networks.

Many Indian Internet users can not afford expensive mobile data and instead wait for wifi connections to go online, making the 10 million people who pass through the target stations each day a captive audience.

'Every day there are thousands of Indian Internet users coming online for the first time, taking their journey in computing,' said Pichai, who grew up in Chennai and joined Google in 2004 as a product manager.

'We are just barely getting started,' said Pichai, who was named CEO in August.

'Given that India is embarking on the cutting edge of the mobile revolution, we think what we build in India will apply globally to many, many places.'

Google has also made its Maps and YouTube products partially available offline and created data-light versions of web pages that allow them to load more easily on slow Indian connections.

Another challenge is the linguistic diversity of India, which has more than 20 official languages ​​and fewer than 200 million English-speaking Internet users.

A new virtual keyboard allows users to type in 11 Indic languages ​​including Assamese and Punjabi, while voice searches recognise both Hindi and 'Hinglish' - a mix of Hindi and English heard in many parts of the country.

Google also announced a program to train two million developers in its Android operating system over three years, in partnership with more than 30 Indian universities.

Read more:
Google CEO Pichai Receives Record $ 199 Million Stock Grant - Bloomberg Business
Amendment No. 1 to Form 10-K
29 March 2016, 22:01