Google CEO Sundar Pichai lands a historic $692 million pay deal while the company's founders invest heavily in Miami properties
Sundar Pichai has just landed one of the most lucrative compensation deals in corporate history. The Google CEO’s new pay package is valued at a staggering $692 million.
According to recent filings, this three-year agreement could place him among the highest-paid executives globally. However, the money is not just a gift.
A significant portion is tied to performance incentives, specifically linked to the success of subsidiaries like Waymo and Wing.
While Pichai secures his financial future, the company's founders are taking a different path. Larry Page and Sergey Brin have been making headlines for their real estate moves in Miami.
Reports suggest they are acquiring lavish properties in response to California's proposed wealth tax.
Page recently spent over $173 million on two mansions. Brin followed suit, purchasing a $51 million megamansion just miles away. Their spending spree is widely viewed as a strategic shift away from California’s strict tax policies.
In contrast, Pichai remains firmly planted in Los Altos, California. Since taking the helm in 2015, he has overseen a nearly sevenfold increase in Google’s market value.
His dedication has paid off; he and his wife hold shares worth nearly $500 million, with an additional $650 million sold previously.
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