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Google has announced to make <keyword id="389765" type="PERSON" weightage="20" keywordseo="Prabhakar-Raghavan">Prabhakar Raghavan</keyword>, head of Ads and Commerce, as new head of Search and Assistant. Raghavan who was heading Ads and Commerce segments since 2018 would replace Ben Gomes, who would take on a new role in various Google education and learning initiatives, reports searchengineland.com, citing an internal email from Alphabet and Google CEO Sundar Pichai. "For Prabhakar, this new role brings his experience with search full circle. He's spent more than two decades obsessing over algorithms and ranking, and his association with <keyword id="163945" type="COMPANY" weightage="20" keywordseo="Google-Search">Google Search</keyword> predates Google," Pichai wrote. "He published a foundational text on search and then went on to lead search teams at IBM and Yahoo. He joined Google in 2012 and  prior to his current role  worked with teams in Research, Geo, and Google Apps," he added. Search encompasses News, Discover, Podcasts and Google Assistant. Raghavan later founded the research lab at Yahoo after joining the company in 2005. In 2010, he spoke about the concept of the "web of things" vs. the "web of objects" (documents). "A member of the National Academy of Engineering, Prabhakar is one of the most respected engineering minds in our field. His experience working across so many of our product areas gives him the perfect lens to spot the seams between them," said Pichai. Jen Fitzpatrick who has been with Google's Geo team for more than a decade and took over as its head six years ago, has now exited Maps/Geo to run the company's central engineering team, which has 8,000 employees. Jerry Dischler who has been working on Google Ads for more than 10 years will not head the Ads division.

Prabhakar Raghavan elevated as head of Google Search, Assistant

<ul class="summary-list"><li>Four Google executives will receive 200% performance-based stock payouts in 2023.</li><li>This comes amid layoffs and a turbulent year for the company.</li></ul>Google parent company Alphabet paid four of its executives tens of millions of dollars in stock payouts for 2023, based on the company's public-markets performance.President and chief financial officer Ruth Porat, along with senior VP Prabhakar Raghavan, chief business officer Philipp Schindler, and legal chief Kent Walker, have been awarded the company's maximum number of performance-based stock units, Google said in a <a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1652044/000130817924000612/lgoog2024_def14a.htm">regulatory filing last week.</a>Base salaries for the four executives remained $1 million last year, and they each received a $1.5 million bonus. The executives were also granted millions of dollars' worth of performance and restricted stock units, which vest at different times and depend on the execs sticking around.The executives' stock-based compensation can range from 0% to 200% of the target number of shares, based on Google's performance relative to the S&amp;P 100.A 200% stock payout raised the total stock value for Porat and Walker's 2023 compensation to $23 million each. Raghavan and Schindler were compensated $35 million each in stock value, according to the filing.The executives' compensation was approved in early February after a tumultuous year for the company.The tech giant axed 12,000 jobs, or 6% of its workforce through last year, and warned it would <a target="_blank" href="https://www.businessinsider.com/google-ceo-says-more-layoffs-to-come-2024-1">lay off more workers</a> in 2024."We have ambitious goals and will be investing in our big priorities this year. The reality is that to create the capacity for this investment, we have to make tough choices," CEO Sundar Pichai wrote in an <a target="_blank" href="https://www.businessinsider.com/google-ceo-says-more-layoffs-to-come-2024-1">internal memo</a> in January.The layoffs and the slashing of key projects have <a target="_blank" href="https://www.businessinsider.com/layoffs-pivots-race-for-ai-supremacy-inside-google-tumultuous-2023-2023-12">hurt sentiment </a>within the company, BI reported in January. The company's leadership received <a target="_blank" href="https://www.businessinsider.com/google-employees-fight-back-layoffs-just-business-2024-1">strong backlash</a> from some of its employees, who publicly aired their exasperations regarding layoffs on LinkedIn and Twitter.Alphabet's <a target="_blank" href="https://markets.businessinsider.com/stocks/googl-stock">stock</a> is up 55% in the last year.

Four Google execs got 200% stock payouts for 2023 after strong company performance

<ul class="summary-list"><li>Sundar Pichai, CEO of Google owner Alphabet, was paid a total of $226 million in 2022.</li><li>His package was boosted by stock awards worth $218 million.</li></ul>Alphabet's Sundar Pichai was paid a total of $226 million last year after he was awarded a big tranche of shares, making him one of America's best-paid CEOs.The chief executive of Google's owner was given more than $218 million, <a href="https://www.sec.gov/Archives/edgar/data/1652044/000130817923000736/lgoog2023_def14a.htm" target="_blank" rel="noopener">according to filings published Friday</a>. His base annual salary of <a href="https://www.sec.gov/Archives/edgar/data/1652044/000130817922000262/lgoog2022_def14a.htm">$2 million hasn't changed since 2020</a>. Pichai is awarded shares every three years and took home more than $280 million in 2019, the year cofounders <a href="https://www.businessinsider.com/alphabet-larry-page-sergey-brin-stepping-down-sundar-pichai-2019-12" target="_blank" rel="noopener">Larry Page and Sergey Brin</a> officially stepped down from their executive roles. Alphabet also spent almost $6 million on personal security for Pichai, according to the filing. Other executives, including senior vice president of Google's knowledge and information, Prabhakar Raghavan, and chief business officer Philipp Schindler both made about $37 million, per the filing. They are awarded shares annually.Pichai's compensation makes him one of the world's best-paid CEOs. The timing is awkward following layoffs at <a href="https://www.businessinsider.com/google-layoffs-jobs-alphabet-work-employees-staff-sundar-pichai-2023-1" target="_blank" rel="noopener">Alphabet</a> as well as other companies in t<a href="https://www.businessinsider.com/tech-layoffs-cold-impersonal-human-resources-logistics-2023-3" target="_blank" rel="noopener">he tech sector</a> such as <a href="https://www.businessinsider.com/meta-staff-criticize-mark-zuckerberg-layoffs-shattered-morale-confidence-2023-4" target="_blank" rel="noopener">Meta</a> and <a href="https://www.businessinsider.com/twitter-layoffs-mean-junior-employees-in-charge-of-unfamiliar-areas-2023-3" target="_blank" rel="noopener">Twitter</a>.Alphabet cut 12,000 jobs in January and Pichai said in a memo he was taking "full responsibility for the decisions that led us here.""Over the past two years we've seen periods of dramatic growth," he wrote. "To match and fuel that growth, we hired for a different economic reality than the one we face today."Pichai said the company had undertaken a "rigorous review" and that jobs were being cut across all "product areas, functions, levels and regions."Apple CEO Tim Cook <a href="https://www.businessinsider.com/tim-cook-taking-pay-cut-stock-based-compensation-apple-filing-2023-1" target="_blank" rel="noopener">asked to have his pay cut</a> for 2023 after huge packages in previous years caused controversy among shareholders. He is set to earn $49 million, about 40% less than in 2022.Elon Musk was arguably the best-paid boss last year after selling shares in Tesla worth almost $23 billion to help fund his takeover of Twitter. The CEO doesn't take a salary or bonus from the EV maker.Alphabet didn't immediately respond to a request for comment from Insider, made outside normal working hours.

Alphabet CEO Sundar Pichai earned $226 million last year, making him one of the world's best-paid bosses

<ul class="summary-list"><li><keyword id="11892740" type="UNKNOWN" weightage="60" keywordseo="google" source="Orion">Google</keyword> has boosted base pay of four top execs to $1 million.</li><li>The move comes weeks after the search giant declined to raise employee pay in line with inflation.</li></ul>Four Google C-suite executives are set to get a salary bump to $1 million, plus a hefty increase in stock awards.According to a summary of executive salaries disclosed in <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1652044/000165204422000009/goog-20211228.htm">SEC filings</a>, the four Google execs — chief financial officer <keyword id="12888474" type="UNKNOWN" weightage="60" keywordseo="ruth-porat" source="Orion">Ruth Porat</keyword>, senior VP Prabhakar Raghavan, chief business officer Philipp Schindler, and legal chief <keyword id="12888475" type="UNKNOWN" weightage="60" keywordseo="kent-walker" source="Orion">Kent Walker</keyword> — will see their annual salaries bumped from $650,000. All are also eligible for a $2 million bonus if they help Google to meet its "social and environmental goals" for 2022.The execs' total compensation packages are considerably chunkier when taking equity into account. As well as their increased annual pay, the executives were granted millions of dollars' worth of performance and restricted stock units, which variously vest at different times and depend on the execs sticking around.According to the filing, Porat and Walker were each granted $23 million total in stock units, and Raghavan and Schindler $34 million total each.<a href="https://www.businessinsider.com/google-alphabet-ceo-sundar-pichai-salary-raise-2019-12">As of December 2019</a>, chief executive Sundar Pichai's annual base salary comes in at $2 million. He's eligible for a further $150 million in restricted and performance stock units if he stays at Google and meets certain performance targets.Google's finances are in good health following <a href="https://www.theverge.com/2021/10/26/22747193/google-q3-2021-earnings-record-revenue-profit">another record quarter</a> in October, raking in revenue of $65.1 billion and almost $20 billion in profit. But the move comes just weeks after a <a href="https://www.protocol.com/bulletins/google-raise-salary-inflation">December all-hands meeting</a> in which Frank Wagner, Google's compensation chief, told rank-and-file staff that the company would not be offering any "across-the-board" adjustment in line with inflation, which recently <a href="https://news.sky.com/story/us-inflation-surges-to-highest-level-since-1982-12491889">surged in to its highest level in decades</a>. "As I mentioned previously in other meetings, when we see price inflation increasing, we also see increases in the cost of labor or market pay rate," Wagner told employees, <a href="https://www.cnbc.com/2021/12/09/google-execs-tell-employees-they-wont-raise-pay-to-match-inflation.html">according to NBC</a>. "Those have been higher than in the recent past and our compensation budgets have reflected that."Insider approached Google for comment. Do you work at Google? Got a tip? Contact reporter Martin Coulter via email at <a href="mailto:mcoulter@businessinsider.com" target="_blank" rel="noopener noreferrer">mcoulter@insider.com</a>, or via encrypted messaging app Signal at +447801985586.

Google boosted base pay for 4 top execs to $1 million and handed them up to $34 million in stock, weeks after refusing to raise wages to meet inflation

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Prabhakar Raghavan elevated as head of Google Search, Assistant

IANS

Four Google execs got 200% stock payouts for 2023 after strong company performance

Shubhangi Goel

Alphabet CEO Sundar Pichai earned $226 million last year, making him one of the world's best-paid bosses

Sam Tabahriti

Google boosted base pay for 4 top execs to $1 million and handed them up to $34 million in stock, weeks after refusing to raise wages to meet inflation

Martin Coulter

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