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Sundar Pichai received $226M compensation, boosted by a triennial stock grant

bloomberg.com

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Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#161

Post by PartiallyTyped »

hammyhavoc wrote: post #109
andrewstuart wrote: post #59

I simply don’t see what good this CEO has done. He’s destroyed googles reputation with developers. Destroyed customer trust in Google products. Done nothing to fix googles reputation for terrible customer service. Led Google to third place in cloud computing. AND been thrashed by Microsoft / ChatGPT, putting Googles core business at risk. Why is this guy CEO?

Let's be honest, the trust from these demographics towards Google wasn't great even prior and hadn't been for a while.

Google was previously known for being engineering-oriented and was respected for that by the developers. Now it seems that all it is known for is empire-building, dropping products, and features for the sake of features.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#162

Post by ulfw »

gsatic wrote: post #142
andrewstuart wrote: post #59

I simply don’t see what good this CEO has done. He’s destroyed googles reputation with developers. Destroyed customer trust in Google products. Done nothing to fix googles reputation for terrible customer service. Led Google to third place in cloud computing. AND been thrashed by Microsoft / ChatGPT, putting Googles core business at risk. Why is this guy CEO?

Mainly cause no one smart wants that job. It's just mindless politics 24*7. It's left to the mindlessly ambitious or ppl who are placeholders to prevent the mindlessly ambitious from sitting in the chair. We have passed the point of org complexity where the CEO does anything beyond ensuring no on totally insane takes over. There are lot of such ppl who dieing to charge you for every search query or email you send. Th…

For 226 MILLION dollars I bet my ass a ton of VERY SMART people would want that job. Many many many.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#163

Post by [deleted] »

refurb wrote: post #154
andrewstuart wrote: post #59

I simply don’t see what good this CEO has done. He’s destroyed googles reputation with developers. Destroyed customer trust in Google products. Done nothing to fix googles reputation for terrible customer service. Led Google to third place in cloud computing. AND been thrashed by Microsoft / ChatGPT, putting Googles core business at risk. Why is this guy CEO?

Under his leadership (2015 to now), Google revenues have gone from $75B to $279B, a 272% increase. Google stock was a $30/share and is now at $105/share (250% increase). That's what he's done. Just in 2022, revenues were up $23B, so his cut was 1.2% of that.

[deleted]

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#164

Post by ulfw »

SilverBirch wrote: post #160

I'll come back to what I always come back to with these compensation issues. You can make the claim you need to pay exceptional amounts to get the best people. You cannot claim that applies to a CEO who is in the middle of an incredibly costly round of layoffs because instead of being exceptional, he followed the herd and over-hired during the pandemic. It is extremely clear at this point that the attitude of the big…

He's a Google lifer. It's not like you have to go out and poach him from somewhere else.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#165

Post by dkyc »

safety1st wrote: post #143
rqtwteye wrote: post #127

Earlier quoted context omitted.

They are making tons of money. That’s what counts. Same for Ballmer at MS. Maybe they lost their magic but they were printing money.

Over the past 4 years, GOOG's net income and earnings per share have fallen quite a bit. Revenue has been pretty flat. I don't get why Pichai is so well paid. Ballmer actually did preside over some impressive growth when he was CEO of MSFT. Pichai has not. Edit: I was looking at the wrong numbers. Google's profit has roughly quadrupled in the 8 years Pichai has been CEO. His compensation makes a lot more sense in tha…

Huh?

Revenue 2019: $160bn Revenue 2022: $280bn

Net income 2019: $34bn Net income 2022: $60bn

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#166

Post by cebert »

ulfw wrote: post #162
gsatic wrote: post #142

Earlier quoted context omitted.

Mainly cause no one smart wants that job. It's just mindless politics 24*7. It's left to the mindlessly ambitious or ppl who are placeholders to prevent the mindlessly ambitious from sitting in the chair. We have passed the point of org complexity where the CEO does anything beyond ensuring no on totally insane takes over. There are lot of such ppl who dieing to charge you for every search query or email you send. Th…

For 226 MILLION dollars I bet my ass a ton of VERY SMART people would want that job. Many many many.

Being the smartest person in the room doesn’t necessarily mean than they’re a great leader.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#167

Post by qeternity »

malermeister wrote: post #87
qeternity wrote: post #57

Earlier quoted context omitted.

I never understand these comments. Are you suggesting Google is a charity? If they don't need some employees, should they be forced to keep them?

They should. Not out of charity, but out of labor protection. You take on a worker, you take on a responsibility.

Ok, and what responsibility do workers have? Should they be compelled to stay in jobs they no longer want?

Have you considered what an increase to employment costs might do to broader employment?

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#168

Post by elliekelly »

ulfw wrote: post #162
gsatic wrote: post #142

Earlier quoted context omitted.

Mainly cause no one smart wants that job. It's just mindless politics 24*7. It's left to the mindlessly ambitious or ppl who are placeholders to prevent the mindlessly ambitious from sitting in the chair. We have passed the point of org complexity where the CEO does anything beyond ensuring no on totally insane takes over. There are lot of such ppl who dieing to charge you for every search query or email you send. Th…

For 226 MILLION dollars I bet my ass a ton of VERY SMART people would want that job. Many many many.

Or maybe the smartest people have decided money isn’t everything?

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#169

Post by danaris »

juujian wrote: post #111
andrewstuart wrote: post #59

I simply don’t see what good this CEO has done. He’s destroyed googles reputation with developers. Destroyed customer trust in Google products. Done nothing to fix googles reputation for terrible customer service. Led Google to third place in cloud computing. AND been thrashed by Microsoft / ChatGPT, putting Googles core business at risk. Why is this guy CEO?

He has been CEO since 2015. Would it be a stretch to blame him for the current company culture of nurturing new products left and right just to kill them off after 3-5 years?

That's 8 years. If he wanted to turn that culture around, he's had plenty of time to at least make a visible effort.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#170

Post by CPLX »

AmericanChopper wrote: post #99
CPLX wrote: post #74

Earlier quoted context omitted.

Does it bother you at all this this statement is just factually incorrect? The stock is down about 50% give or take over the past year and a half.

Everything I’ve said is 100% factually correct. The bulk of his pay comes from performance incentives (defined by internal, non-share-price-related performance metrics). In the past he’s had a seperate incentive package based on how google stock did benchmarked against the S&P100 index. I don’t know if he still has that, but he’d still be performing well against that metric if he did. Google stock is up about 100% fr…

No it’s not. It was in the 70 something range in early 2020 and lately it’s been 90 something. And regardless you still have to demonstrate support for your conclusion, which is that his compensation is aligned with shareholders. It’s not.

What we actually have here and with CEO pay in general at large organizations is what’s pretty well known as a principal/agent problem, where the manager class sets the rules for themselves in a way that results in the transfer of assets from shareholders to themselves.

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