Sundar Pichai's Annual Package

Alphabet and Google CEO, Sundar Pichai will get a salary hike on January 1. Sundar Pichai will take home a $240 million stock package on top of a $2 million annual salary in 2020. Alphabet said on Friday that Pichai will also start receiving a substantial raise from January 1.

The compensation package is offered in recognition of Sundar's expanded role as CEO of Alphabet and Google. The report said, citing the filing, "Pichai also received 2 other stock grants, of $30 million and $120 million, subject to his continued employment."

Sundar Pichai, who joined Google in 2004, has helped lead the development of Google Toolbar and then Google Chrome, the world's most popular internet browser.

Sundar became Google's CEO in August 2015. He joined the Board of Directors of Alphabet, in July 2017. Under his leadership as CEO, Google has been focused on developing products and services, powered by the latest and advanced AI.

Pichai, who grew up in Chennai, has studied engineering at the IIT, holds an MBA from the Wharton School and a master's degree from Stanford University.