New Alphabet chief Sundar Pichai sees big pay boost

Google parent Alphabet boosted the salary of newly anointed chief Sundar Pichai and promised more than $200 million in shares if the company hits performance goals, a regulatory filing Friday said.

Pichai’s annual pay will more than double to $2 million next year, and he will be in line for $90 million shares of stock based on how well the internet titan does in the market and another $120 million in shares that vest over time, according to a Securities and Exchange Commission filing by the Alphabet board.

The value of the performance-based shares could be zero depending on whether Alphabet stock hits goals set in comparison to the S&P 100 in the coming two years, the filing said.