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Top paid US boss

Google boss now earns more than firm paid in UK tax

GoogleGoogle chief executive Sundar Pichai, has been awarded $199m (£138m) in shares – equal in value to the UK back tax it has agreed to pay.

The award makes him the highest-paid boss in the ahead of John Hammergren, chief executive of US pharmaceutical firm McKesson ($131.2) and Ralph Lauren, founder of fashion house Ralph Lauren ($66.7m).

Formerly head of products, he was appointed to the top job at the search engine giant in October following its  restructuring under a new holding company called Alphabet.

Mr Pichai receives 273,328 shares which vest every three months until 2019. He now owns stock in Alphabet, worth $650m.

Co-founders Larry Page and Sergey Brin, are each understood to be worth $34 billion.

Google agreed with HM Revenue & Customs last month that it would pay £130m in tax for the last 10 years, a deal described by Chancellor George Osborne as a “major success”.

 

 

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