Prabhakar Raghavan, of Google Inc., speaks throughout the firm’s Cloud Subsequent ’18 occasion in San Francisco, California, July 24, 2018.
David Paul Morris | Bloomberg | Getty Photos
Google’s just lately promoted Search boss Prabhakar Raghavan made $55.25 million final yr, in line with the corporate’s annual proxy submitting with the U.S. Securities and Trade Fee.
That quantity takes into consideration his 2020 fiscal yr 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 increased 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 government compensation desk in his new function. The submitting additionally listed for the primary time Chief Enterprise Officer Philipp Schindler, who earned $66.38 million throughout the yr. He is had that function since 2015.
The monetary disclosure comes practically a yr after Google’s management shuffle final summer season, during which the corporate introduced Search, Assistant and Advertisements executives collectively below new Raghavan, who studies to CEO Sundar Pichai. Search stays considered one of Alphabet’s most vital companies — the “Google Search and different” phase accounted for $104 billion in income final yr, nicely forward of different reported segments like YouTube Advertisements, Google Cloud, and advertisements bought on Google Community Members’ websites.
The 60 year-old government now oversees Google Search, Assistant, Geo, Advertisements, Commerce, and Funds merchandise. Beforehand, he was SVP of advertisements, begin and funds.
Clarification: This headline has been adjusted to notice the truth that Raghavan’s inventory awards vest over time.