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Sundar Pichai Declines A Raise Of $58 Million. See Why

| Published on June 2, 2019

Google CEO, Sundar Pichai declined his annual hike of around $58 million from the company saying he was already getting paid enough. 

Pichai, one of the highest paid CEOs received stocks worth $250 million in 2014 when he started taking up responsibilities of then CEO Larry Page following which he got $100 million in 2015 and $100 million in 2016. 

And since 2016, Pichai has been receiving $650,000 as annual salary apart from other benefits.

Pichai turned down a hefty grant of $58 million in stocks from the company to avoid any controversies in regards to why he was paid more than required. 

It was also reported that at a staff meeting earlier this year, a Google employee had questioned why the CEO was receiving such a massive payout when a number of lower level workers were struggling to make ends meet in Silicon Valley. 

The parent company Alphabet will reportedly meet later this year to look into his compensation, and perhaps revise some parts of it. But by then, his previous stock rewards will probably have been vested already.

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