Google parent Alphabet Inc. disclosed over the weekend that Chief Executive Sundar Pichai’s base salary more than tripled to more than $2 million in 2020, but his total compensation plunged to just $7.43 million, as he received no stock awards. The internet giant disclosed in its 2020 proxy statement filed late Friday that Pichai’s total compensation in 2020 included $2.02 million in base salary, up from $650,000 in 2019, and $5.41 million in “all other compensation,” which included $5.4 million for personal security. In 2019, Pichai’s total compensation was a whopping $280.62 million, as it included $276.61 million in stock awards. The median employee compensation rose to $273,493 from $258,708 in 2019, while the big drop in Pichai’s total compensation means the CEO pay ratio fell to 27 to 1 from 1,085 to 1 in 2019. Alphabet’s stock rallied 30.9% in 2020 after rising 28.2% in 2019, while the S&P 500 gained 16.3% in 2020 after hiking up 28.9% in 2019.
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