Alphabet Inc. awarded Google (GOOG) CEO Sundar Pichai with nearly $200 million in 2016, making the former head of Chrome and Android by far the highest paid boss of any U.S. public traded company, according to data from research firm Equilar.
In its annual proxy statement, Alphabet revealed that Pichai was awarded with $198.7 million in stock last year, representing nearly double the $99.8 million he received in 2015. On top of that, Pichai earned a salary of $650,000, $2,500 less than he commanded the prior year, together with $372,000 for personal security services and air travel. (See also: A Look at Sundar Pichai: Google’s New CEO.)
Pichai Compensation Dwarfs Peers
Based on those figures, it would appear that Pichai, who became Google CEO in 2015 after his predecessor Larry Page took over the reins of the then newly created parent company Alphabet, was paid significantly more than his peers.
Proxy statements filed before April 1 showed Thomas Rutledge of Charter Communications (CHTR) earning more than any other CEO of a large publicly-traded company in 2016, according to Equilar. However, his overall compensation of $98 million still falls well short of Pichai’s total figure. Although he doesn’t show up in Equilar’s compensation package list, due to his status as CEO of a subsidiary, Equilar spokesman Dan Marcec told MarketWatch that Pichai is “probably” the highest paid top executive.
Topping the firm’s list of the highest paid CEOs at U.S. public companies in 2015 was Dara Khosrowshahi at Expedia (EXPE), who earned total compensation of $94.6 million, less than half of what Pichai reportedly made last year.
Meanwhile, Google co-founders Page and Sergey Brin didn’t even make the top 200 list last year. Alphabet Inc.’s CEO and president both continued to reward themselves with salaries of just one dollar for their roles in leading the company. (See also: Why did Larry Page pay himself a salary of only $1 a year at Google?)