CURRENT AFFAIRS

Detailed explanation-1: -According to Reuters, Pichai, who is given an equity award every three years, was granted two tranches of PSUs with a target value of $63 million each and was also given a grant of $84 million in the form of Alphabet’s restricted stock units.

Detailed explanation-2: -Sundar Pichai manages the overall working of Google and Alphabet Inc. for which he gets paid handsomely. He gets an annual salary of 242 million dollars+ for his role as Alphabet’s CEO. His salary comes in the form of basic salary of $2 million and along with this he also owns significant share in the company.

Detailed explanation-3: -Executive Compensation Of this total $2, 000, 000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $4, 322, 599 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year. Alphabet Inc.

Detailed explanation-4: -Sundar Pichai Salary Sundar Pichai (47) received a package of $242 million (Rs 1880 crore) after becoming the CEO of Alphabet. This includes basic salaries of $2 million (Rs 15 crore) and $240 million (Rs 1865 crore) in annual share. Pichai’s new salary package will be applicable from 1 January 2020.

Detailed explanation-5: -Sundar Pichai’s annual salary is approx. US $242 million (Rs 1880 crores approx).