Google‘s recently promoted Search boss Prabhakar Raghavan earned money and stock $55.25 million last year, primarily primarily based on the firm’s annual proxy submitting with the U.S. Securities and Alternate Payment.
That quantity takes into story his 2020 fiscal year salary of $655,000, stock awards amounting to $54.58 million that vest over time, and $9,750 “different.” Alphabet generated over $182 billion in earnings in fiscal 2020.
That is greater than Chief Financial Officer Ruth Porat’s compensation, which amounted to $50.89 million.
It be the first time the firm listed Raghavan on its executive compensation desk in his unusual honest. The submitting moreover listed for the first time Chief Enterprise Officer Philipp Schindler, who earned $66.38 million at some level of the year. He’s had that honest since 2015.
The financial disclosure comes nearly a year after Google’s leadership coast last summer season, in which the firm introduced Search, Assistant and Adverts executives collectively below unusual Raghavan, who experiences to CEO Sundar Pichai. Search remains actually appropriate one of Alphabet’s principal companies — the “Google Search and different” segment accounted for $104 billion in earnings last year, smartly earlier than different reported segments treasure YouTube Adverts, Google Cloud, and adverts bought on Google Community Individuals’ sites.
The 60 year-broken-down executive now oversees Google Search, Assistant, Geo, Adverts, Commerce, and Funds merchandise. Previously, he was once SVP of adverts, beginning and payments.
Clarification: This headline has been adjusted to demonstrate the truth that Raghavan’s stock awards vest over time.