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Google CEO Pichai's $692M Pay Hinges on Waymo, Wing Success
Nearly half of Pichai's compensation depends on the performance of Alphabet's robotaxi and drone delivery moonshots.
Mar. 10, 2026 at 6:09pm
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Google and Alphabet CEO Sundar Pichai could receive a $692 million compensation package over the next three years, but a significant portion of that pay is tied to the success of Alphabet's autonomous driving company Waymo and drone delivery service Wing - two businesses that are currently operating at a loss for the tech conglomerate.
Why it matters
The move highlights Alphabet's commitment to investing in new technologies through its 'Other Bets' division, even as those moonshot projects continue to lose money. Pichai's compensation being so heavily dependent on Waymo and Wing's performance puts immense pressure on the CEO to turn those businesses around and make them profitable.
The details
According to an SEC filing, Pichai could earn up to $260 million from Waymo and $90 million from Wing if the companies' per-unit values increase over the three-year period. The rest of the $692 million package includes $252 million in performance stock units tied to Alphabet's shareholder returns and $84 million in restricted stock units. Pichai's annual base salary will remain at $2 million.
- Alphabet awarded Pichai the $692 million compensation package on March 4, 2026.
- The SEC filing detailing the compensation package was posted on March 6, 2026.
The players
Sundar Pichai
CEO of Google and Alphabet Inc., the parent company of Google.
Waymo
An autonomous driving company and subsidiary of Alphabet Inc. that operates robotaxi services in multiple U.S. cities.
Wing
A drone delivery service and subsidiary of Alphabet Inc. that partners with Walmart to deliver products to customers.
Alphabet
The parent company of Google that operates various technology and moonshot projects, including Waymo and Wing, under its 'Other Bets' division.
What’s next
Pichai will need to focus on improving the financial performance of Waymo and Wing in order to maximize his potential $692 million compensation package over the next three years.
The takeaway
Alphabet is betting big on the long-term potential of its moonshot projects like Waymo and Wing, even as they continue to lose money in the short term. Tying a significant portion of the CEO's compensation to the success of these initiatives underscores the company's commitment to investing in transformative technologies.
