"Tying Pichai's compensation to Waymo and Wing is a signal that Alphabet no longer views the two entities as moonshot experiments but rather as assets representing valuable, scalable businesses."
"According to the filing, Pichai could be awarded up to $260 million depending on the increase in Waymo's per-unit value over a three-year period, as determined by the compensation committee - essentially, the board's estimate of what a single Waymo equity unit is worth."
"The board said in the filing that 'incentivizing Mr. Pichai to focus his efforts on developing and scaling Alphabet's later stage Other Bets, such as Waymo and Wing,' is in the best interests of Alphabet and its stakeholders."
Alphabet awarded CEO Sundar Pichai a three-year equity compensation package worth up to $692 million, with performance metrics tied to the company's autonomous and drone delivery ventures. Up to $260 million depends on increases in Waymo's per-unit value, while up to $90 million is contingent on Wing Aviation's per-unit value growth. The board stated this compensation structure incentivizes Pichai to focus on developing and scaling these later-stage businesses. This marks the first time Pichai's CEO compensation directly ties to Waymo and Wing performance, reflecting Alphabet's shift in viewing these entities as valuable, scalable businesses rather than experimental moonshot projects.
Read at Business Insider
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