Pichai’s annual salary was $650,000 in 2019, according to a proxy statement filed with regulators on Friday. Alphabet Inc. operates as a holding company. The company has said that will rise to $2 million this year. Drummond’s spouse was paid about $197,000 in 2019, the filing said. Page, once the face of the company, has largely receded from public view. Factset: FactSet Research Systems Inc.2018. Formerly, Eric Schmidt was CEO of Google until the business was restructured in 2015 and Alphabet Inc. was instituted as a holding company of Google, along with other businesses. Alphabet supports and develops companies applying technology to the world’s biggest challenges. “So we are creating a new company, called Alphabet. Before it's here, it's on the Bloomberg Terminal. Covid Cases Extend ‘Troubling’ Surge, Signaling More Deaths, Boeing Max Judged Safe to Fly by Europe’s Aviation Regulator, Billionaire Robert Smith Admits Evading Taxes for Years, U.S. Budget Gap Triples to Record $3.1 Trillion on Virus Relief, Stocks Mixed Amid Tech Slide on Big Options Day: Markets Wrap. They also maintain voting control over the business, all but guaranteeing their ability to influence the direction of Alphabet with or without their executive titles. Bloomberg’s daily technology newsletter is chronicling the impact of Covid-19 on the global tech industry. Brin and Page said they will remain "actively involved" as board members, shareholders and cofounders. Axios reported in September that Drummond, the company’s chief legal officer at the time, married another Google employee who once worked in his legal department. Regulators and politicians in the US and Europe have questioned the company's size, data privacy practices and potential impact on society. Sundar Pichai, chief executive officer of Alphabet Inc., gestures while speaking during a discussion on artificial intelligence at the Bruegel European economic think tank … As Google CEO, he has appeared on earnings calls and keynoted major events such as the Google I/O developer conference.

Updated 0942 GMT (1742 HKT) December 4, 2019. China Lawmakers Pass Export Control Law Protecting Vital Tec... Japan’s Suga Sends Offering to Yasukuni War Shrine, NHK Says.

United States. Under his leadership, Google's business has continued to grow and expand more into hardware and cloud computing, though the vast majority of its revenue still comes from advertising. Page has been absent from the company's quarterly earnings calls, and notably hasn't appeared at big tech hearings on Capitol Hill. Drummond stepped down earlier this year. New York (CNN Business)More than 20 years after launching Google out of a Menlo Park garage, Larry Page and Sergey Brin are relinquishing their executive roles at its parent company Alphabet (GOOGL). Wing is a subsidiary of Alphabet Inc. that develops technology of drone-based delivery of freight. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as president.” Google continues to be Alphabet’s cash cow, generating $89.5 billion in revenues in 2017, compared to $0.8 billion for Other Bets. Watch Steph Curry give Bill Gates a job interview, Twitter suspends fake accounts pretending to be Black Trump supporters, Florida Latinos targeted by misinformation and conspiracy theories, This material could transform the solar energy sector, See the new iPhone 12, 12 Mini, 12 Pro, and 12 Pro Max, YouTube CEO on election misinformation and QAnon, This crease in Biden's shirt fueled a conspiracy theory, We asked Trump supporters to show us their Facebook feeds, See paramedics test a jet suit that can fly up mountains, Watch Ring's indoor drone prototype patrol a house, Here's one thing Joe Biden and President Trump actually agree on, This American was tricked into working with a Russian disinformation campaign, Watch Elon Musk show how the Neuralink brain implant works — using a pig, Google and Facebook run into more trouble over data in Europe, Google co-founder Larry Page stepping down as CEO of Alphabet. Sundar Pichai, the current CEO of Google, will take over as CEO of Alphabet in addition to his current role, as Larry Page and Sergey Brin relinquish their executive roles at … Alphabet Inc. said in a regulatory filing that Chief Executive Officer Sundar Pichai was awarded $281 million in compensation last year, making him one of the world’s highest-paid executives. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Crackdown Seeks Answer, Google’s Fitbit Deal Headed for EU Approval Despite Protests, Boeing Explores Selling Seattle-Area Jetliner Headquarters, Pichai makes 1,085 times the median employee pay at company, Company discloses pay of former chief legal officer’s spouse, Photographer: Geert Vanden Wijngaert/Bloomberg. It added Netflix Inc., Comcast Corp. and Salesforce.com Inc., while removing HP Inc. and Qualcomm Inc. Also on the list: Apple Inc., Amazon.com Inc. and Facebook Inc. Sundar Pichai is Chief Executive Officer at Alphabet Inc. See Sundar Pichai's compensation, career history, education, & memberships. In 2018, Page was, At the same time, Google is confronting growing tensions with its own employees. U.S. Microsoft Says Long-Time Deals Executive Brown Leaving Compa... Nextdoor Is Said to Eye Public Listing, $5 Billion Valuation, E-Commerce Blitz Stokes Rally in Canada’s Transport Stocks, Did Big Tech Get Too Big? The Company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products. Last week, Google. Alphabet also disclosed the pay of David Drummond’s wife. The executive team consists of 16 members, responsible for various aspects of the business. This year, Alphabet’s board changed the companies it compares itself to when it decides how to determine compensation. The two founders of Google assumed executive roles in the new company, with Larry Page serving as CEO and Sergey Brin as president. Alphabet Inc. is a holding company that gives ambitious projects the resources, freedom, and focus to make their ideas happen — and will be the parent company of Google, Nest, and other ventures. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Disclaimer. Harris Aide Calls Senator’s Remarks ‘Racist’: Campaign Update, Did Big Tech Get Too Big? All rights reserved. Pichai has already cut back significantly on hiring and investment plans for the year. Meanwhile, the then-VP of products at Google, Sunder Pichai, has since taken over as the CEO of the single most valuable entity within the Alphabet setup – Google Inc. Advertisement The cofounders will continue to serve on Alphabet's board of directors. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. That means his haul can become significantly smaller, or much bigger. Now, the 47-year-old executive will have to navigate Alphabet through the coronavirus crisis and economic recession. Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Alphabet Inc. is a holding company that gives ambitious projects the resources, freedom, and focus to make their ideas happen — and will be the parent company of Google, Nest, and other ventures. Musk Sees ‘Fighting Chance’ for Starship Mission to Mars in... Twitter Allows Links to N.Y. Post Story, Backtracking Again. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Alphabet Inc. was instituted as an analogue to … They also said they plan to continue speaking with Pichai "regularly.". The company completed their first real-world deliveries in 2014. Mountain View, CA 94043 1600 Amphitheatre Parkway Alphabet Inc. leadership team is headed by CEO Larry Page.

Sundar Pichai, the current CEO of Google and a longtime executive at the company, will take over as CEO of Alphabet in addition to his current role. And Alphabet and Google no longer need two CEOs and a President," they wrote in a letter. Pichai, who is known for his engineering talents and general likeability. Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California.It was created through a corporate restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. All rights reserved. "We've never been ones to hold on to management roles when we think there's a better way to run the company. The executive shuffle comes at a time when Google is facing mounting scrutiny. Most stock quote data provided by BATS.

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Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The company has operations in Australia, the United States, and Finland.In July 2018, Project Wing graduated from Google X to become an independent Alphabet company.

Alphabet supports and develops companies applying technology to the world’s biggest challenges. Crackdown Seeks Answer: QuickTake, Google’s Fitbit Deal Headed for EU Approval Despite Protests, Google Taps Veterans From Major Antitrust Cases for DOJ Fight, Twitter, Google Back Nigerians Protesting Police Brutality, YouTube Follows Facebook in Banning QAnon, But With Caveats, YouTube to Pull Clips Questioning Authorities on Covid Vaccines, Nokia Ditches Data Centers for Google Cloud in Five-Year Deal, Biden Enlists Obama as Closer in Stretch Run: Campaign Update, Washington’s One-Two Antitrust Punch Is About to Smack Big Tech, Disinformation Campaigns on Facebook, Twitter, Google Undermine African Election, J&J Sued for Misleading Auris Investors Over 2019 Buyout, China’s Quiet Experiment Let Millions View Long-Banned Websites, Conservative Youtuber Steven Crowder Thrives By Pushing Conflict With the Site, Chinese App Helps Users Bypass Great Firewall - Then Disappears, Wharton School of the University of Pennsylvania. Pichai took over as CEO of Alphabet from Larry Page at the end of last year as Page and co-founder Sergey Brin stepped away from the company. The CEO’s compensation is 1,085 times the median total pay of Alphabet employees, the company also said in the filing.

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