Sundar Pichai, the Indian origin chief executive of one of the world's topmost search giant company, Google, seems to have flagged off the year on a fabulous note.
A regulatory filing has recently revealed that Pichai has been awarded $199m in shares by his company Google. This figure puts him on the pedestal of being the highest-paid chief executive in the whole of the United States.
Pichai assumed the position of chief executive of Google after the creation of Alphabet, its parent company.
A filing with the US Securities and Exchange Commission revealed that the 43 years old was awarded 273,328 Alphabet shares worth a a whopping $199m on February 3rd this year.
On the other hand, according to Forbes, Larry Page and Sergey Brin, the founders of Google, are worth $34.6bn and $33.9bn respectively.
The newly awarded Alphabet shares takes Pichai's total stock value to approximately $650m. Pichai joined Google in the year 2004, initially as a leading product management on a number of Google's client software products, like Google Chrome, Chrome OS, and Google Drive. He slowly, slowly climbed the ladder and became the chief executive of the company.
Prior to Google, Pichai has worked in engineering and product management department at Applied Materials and as a management consultant at McKinsey & Company.
Pichai's share award will vest incrementally each quarter for the next three year i.e. 2019. In simpler words, he will be given full control over the shares on a gradual basis.
According to the search giant's regulatory filings for the period 2005 to 2014, the company has successfully generated sales of $34.6bn (£24bn) in the United Kingdom during the period with an estimated profit of about £7.2bn on those sales.
Further, Google's Alphabet recently pipped Apple as the world's most valuable firm after it generated a profit of $4.9bn in the three months to the end of December, which is an increase from the $4.7bn figure a year ago.
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