Google CEO Pichai Receives Record $199 Million Stock Grant

Pichai, the former deputy of Google co-founder Larry Page, was named to run the search engine unit following the reorganization into holding company Alphabet last year. The award is the biggest ever given to a Google executive officer whose equity grants have to be reported in filings. Google typically grants equity awards to executives once every two years, a strategy it has said “encourages executives to take a long-term view of the business.”