![]() Apple stock to determine which one is a better buy for you, the investor. Today, we are going to be looking at Google vs. These huge tech companies are both widely known, although they do compete in roughly parallel industries to one another. CNN Sans ™ & © 2016 Cable News Network.Google and Apple are both some of the largest companies in the entire world, each having a market cap (total company valuation) of over 1 trillion dollars. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Cook to adjust his compensation in light of the feedback received,” the company said in its annual proxy statement released Thursday. ![]() “The compensation committee balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr. The vote is nonbinding, but the board’s compensation committee said Cook requested the reduction. Shareholders voted against Cook’s pay package after Apple’s stock fell nearly 27% last year. The vast majority of Cook’s 2022 compensation - about 75% - was tied up in company shares, with half dependent on share price performance. “The economy would suffer no harm if CEOs were paid less (or were taxed more).”Īpple CEO Tim Cook cut his own 2023 pay by 40% after drawing criticism from shareholders for earning $100 million in 20. “This escalation of CEO compensation and of executive compensation more generally has fueled the growth of top 1% and top 0.1% incomes, leaving fewer of the gains of economic growth for ordinary workers and widening the gap between very high earners and the bottom 90%,” wrote analysts at the institute. Pay for top executives has skyrocketed by 1460% since 1978 according to a study by the Economic Policy Institute, and more than 80% of their pay is typically stock-related. Someone making the $15.50 minimum wage in Alphabet’s home state of California would have to work 14.6 million hours, or just over 7000 years (with 40 hour work weeks and no time off) to catch up with Pichai’s 2022 salary.īallooning CEO compensation has been a controversial topic in recent years. It means Pichai’s salary is more than 800 times larger. The median compensation for an Alphabet employee is just under $280,000, according to the filing. In January, Alphabet announced it would cut 12,000 jobs amounting to a 6% cut in its total workforce. Google and Alphabet CFO Ruth Porat and Kent Walker, chief legal officer, both made about $24.5 million. Prabhakar Raghavan, senior vice president of knowledge and information at Google and Philipp Schindler, Google’s chief business officer, each made $37 million. Other top executives also received healthy paychecks in 2022, though nowhere near as large as Pichai’s. Shares have rebounded this year, moving up about 19.5% since January. Pichai’s stock boosts come every three years, in 2019 he received a similar package of $281 million.Īlphabet stock, meanwhile, fell by 39% in 2022 amid a broader tech and market slowdown. It is a big boost for Pichai, who made just over $6 million in 2021 and $7.4 million in 2020. ![]() The rest of the compensation came from a $2 million base salary and more than $5 million for a private security detail. ![]() The majority of the pay came from stock holdings, valued at more than $218 million. ![]() Sundar Pichai, the CEO of Google and Google’s parent company Alphabet, made nearly $226 million in 2022, according to a new filing from Alphabet. Google’s top executive took home quite a bit of money last year. ![]()
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