Alphabet Inc. revealed in the annual proxy statement on Friday that the company's Chief Executive Officer Sundar Pichai received an annual compensation of $10.7 million in 2024. The figure was almost $2 million higher than Pichai's compensation from the previous year.
The total compensation includes an annual base salary of $2 million, unchanged from 2023, stock awards of $405,630 and $8.3 million for personal security.
The company clarified that "due to Sundar's significant public profile, Alphabet provides him with security protection," including "residential security and consultation fees, security monitoring services, car and driver services, and personal security during all travel," adding that they believe these arrangements are "in the best interests of Alphabet and its stockholders, as they mitigate risks to our business."
