While the blood bath of layoffs continue in the silicon valley companies, the CEO of Google’s Sundar Pichai, walked away with a staggering $226 million in FY2022. The same company has axed 12 thousand employees citing a changing economic reality. In the weeks since Sundar Pichai’s annual salary was made public, the inner Google platforms were stuffed with conversations slamming the CEO for taking a pay bump while slashing prices elsewhere.
Sundar Pichai’s Annual Salary Breakdown
The SEC filing shows that Pichai was paid $226 million mainly through a $218 million stock award, which he receives every three years. The last time he received the award, in 2019, it was for $276.6 million and total compensation was $280.6 million. His 2022 package included around $6 million for personal security and a $2 million base salary. While in 2021, Pichai received a total of $6.3 million, consisting of a $2 million salary and $4.3 million in other compensation.
The employees have stuffed Google’s inner dialogue boards with rants and ramblings. One post with more than 1,200 likes referred to feedback from finance chief Ruth Porat, who said that the corporate is making multi-year cuts, which, according to media reports, ranged from worker laptops and bills to health courses and café objects. “Ruth’s cost savings applied to everyone… except our hardworking VPS and CEO,” reads the content of the meme.
Pichai vs Other CEOs
People have started comparing Sundar Pichai with other notable tech CEOs such as Apple CEO Tim Cook, who received over a 40% cut from his 2022 target total compensation in January. Another on the list included Zoom CEO Eric Yuan who said that he would reduce his salary by 98% and decline his bonus after the company cut 1,300 jobs. Likewise, Twilio CEO Jeff Lawson said he would also be taking a pay cut amid a 17% workforce reduction.
Also read: Sundar Pichai Announces Massive Pay Cuts for Senior Roles at Google Including Himself
