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🧠 AI⚪ NeutralImportance 6/10
Alphabet CEO Sundar Pichai’s new $692 million compensation package hinges on the success of two Google moonshots that aren’t making any money
🤖AI Summary
Alphabet CEO Sundar Pichai's $692 million compensation package ties nearly half of his pay to the performance of two unprofitable Alphabet subsidiaries: autonomous vehicle company Waymo and drone delivery service Wing. Both companies are currently operating at a loss despite being key moonshot investments for the tech giant.
Key Takeaways
- →Pichai's massive $692 million compensation package depends heavily on two loss-making Alphabet subsidiaries.
- →Waymo, Alphabet's robotaxi venture, and Wing, its drone delivery service, are both currently unprofitable operations.
- →Nearly half of the CEO's compensation is tied to the success of these experimental business units.
- →The compensation structure aligns executive pay with Alphabet's ambitious but risky moonshot projects.
- →Both Waymo and Wing represent significant long-term bets in emerging transportation and logistics markets.
#alphabet#google#sundar-pichai#waymo#wing#compensation#autonomous-vehicles#drone-delivery#moonshot-projects#executive-pay
Read Original →via Fortune Crypto
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