Google CEO received US$ 226 million in 2022 – 04/21/2023 – Market

Sundar Pichai, CEO of Alphabet, parent company of Google, received US$ 226 million (R$ 1.1 billion) from the company in 2022, according to the Bloomberg news agency.

According to a document filed with the SEC, the US securities commission, this Friday (21), compensation was boosted by a three-year stock grant, making him one of the highest-paid executives in the world.

In 2021, when he didn’t receive the bonus, Pichai received $6.3 million. His base salary has remained steady at $2 million for the last three years. Messi, the highest-paid athlete in the world in 2022, according to Forbes, earned $130 million last year.

Sundar Pichai leads the company at a time when the race to popularize products with generative artificial intelligence is intensifying. Since the launch of ChatGPT in November, Google has been on “red alert”, at risk of losing hegemony in search engines.

According to Bloomberg, which had access to the company’s internal messages this week, the rush to win this dispute makes Google provide low-quality information with its Bard chatbot and set aside its ethical commitments.

In addition, the company laid off 6% of its workforce in January, around 12,000 employees. The average total annual compensation of Alphabet employees was $279,000 in 2022, according to the filing. Pichai’s bonus was 808 times that amount, according to Bloomberg.

Alphabet’s CEO receives the bonus every three years. In 2019, the executive received US$ 281 million. This year, Apple, the world’s most valuable company, announced a pay cut for Tim Cook after he had earned $100 million a year for the past two years.

As part of its compensation package, Alphabet also spent $5.94 million on personal security for Pichai, according to the filing.