Longtime Google executive and current CEO Sundar Pichai doubled his past year's salary in 2016, according to a recent filing by parent company Alphabet. While his base pay was only $650,000, he received an incredible stock award for $198.7 million as part of his promotion to CEO and numerous successful product launches since the restructuring of the company in 2015. Larry Page, Google's co-founder, and previous CEO shifted his focused to other businesses under the Alphabet name.
Google has boosted sales from advertising and YouTube under Pichai. It's also invested money into machine learning, hardware, and cloud computing. Last year, they revealed new smartphones, virtual reality, a router, and a smart speaker to compete directly with Amazon Echo. All of these are already starting to pay off.
Their "other revenue," which includes both hardware and cloud services, hit nearly $3.1 billion in the past quarter, up by almost 50%. Alphabet's stock has also risen considerably over the past year and is now above a $600 billion market cap for the first time.