Google approves $692M CEO pay package

Alphabet is pivoting from "moonshots" to "milestones" by tying CEO compensation directly to the commercial success of its autonomous vehicle and drone units.

• –$252M in PSUs are tied to Alphabet’s total shareholder return against the S&P 100
• –New $260M performance grant specifically incentivizes Waymo’s valuation growth
• –$90M in units linked to Wing performance signals confidence in commercial drone delivery
• –Strategy suggests a shift toward fiscal accountability for Alphabet’s historically loss-making subsidiaries
• –Market cap growth from $535B to $3.6T under Pichai's tenure provides the board's justification for the payout