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Fortune
Fortune
Jacqueline Munis

Alphabet CEO Sundar Pichai’s new $692 million compensation package hinges on the success of two Google moonshots that aren’t making any money

A potrait of Pichai. (Credit: Ludovic Marin—AFP via Getty Images)

Google and Alphabet CEO Sundar Pichai could be getting a $692 million payday in the next three years, but that depends on the success of two moonshot companies that are operating at a loss.

On March 4, Alphabet awarded Pichai a prospective $692 million compensation package over the next three years, potentially making him one of the most highly-paid tech leaders in the industry.  However, according to an SEC filing posted on March 6, about half of Pichai’s compensation is tied to the success of Alphabet’s robotaxi service Waymo and drone delivery service Wing, two companies which so far, are costing Alphabet to operate.

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