Posted on: April 23, 2021 Posted by: Betty Lee Comments: 0

Prabhakar Raghavan, of Google Inc., speaks in the course of the firm’s Cloud Subsequent ’18 occasion in San Francisco, California, July 24, 2018.

David Paul Morris | Bloomberg | Getty Pictures

Google‘s lately promoted Search boss Prabhakar Raghavan made $55.25 million final 12 months, in accordance with the corporate’s annual proxy submitting with the U.S. Securities and Change Fee.

That quantity takes under consideration his 2020 fiscal 12 months wage of $655,000, inventory awards amounting to $54.58 million and $9,750 “different.” Alphabet generated over $182 billion in income in fiscal 2020.

That is larger than Chief Monetary Officer Ruth Porat’s compensation, which amounted to $50.89 million.

It is the primary time the corporate listed Raghavan on its govt compensation desk in his new function. The submitting additionally listed for the primary time Chief Enterprise Officer Philipp Schindler, who earned $66.38 million in the course of the 12 months. He is had that function since 2015.

The monetary disclosure comes practically a 12 months after Google’s management shuffle final summer time, wherein the corporate introduced Search, Assistant and Adverts executives collectively below new Raghavan, who reviews to CEO Sundar Pichai. Search stays certainly one of Alphabet’s most vital companies — the “Google Search and different” phase accounted for $104 billion in income final 12 months, properly forward of different reported segments like YouTube Adverts, Google Cloud, and adverts offered on Google Community Members’ websites.

The 60 year-old govt now oversees Google Search, Assistant, Geo, Adverts, Commerce, and Funds merchandise. Beforehand, he was SVP of adverts, begin and funds. 

Clarification: This headline has been adjusted to notice the truth that Raghavan’s inventory awards vest over time.

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