Alphabet CEO's Compensation Details Unveiled

In a revealing annual proxy statement released this Friday, Alphabet Inc. disclosed that Sundar Pichai, the company's Chief Executive Officer, was awarded a total annual compensation of $10.7 million for the year 2024. This marks a significant increase of nearly $2 million from his previous year's earnings.

Breaking Down the Compensation

The comprehensive package includes a steady annual base salary of $2 million, mirroring the figure from 2023. Additionally, Pichai received stock awards valued at $405,630 and a substantial $8.3 million allocated for personal security measures.

The Rationale Behind the Security Expenditure

Alphabet elaborated on the necessity of the security provisions, stating, "Given Sundar’s prominent public profile, Alphabet ensures his safety through extensive security protection." This encompasses residential security, security monitoring, chauffeur services, and personal security during travels. The company asserts, "These measures are crucial for safeguarding Alphabet's and its stockholders' interests by mitigating potential business risks."