Google reported yesterday that chief executive Sundar Pichai’s pay package doubled to $200 million last year, making him the highest paid executive at parent company Alphabet Inc. This is on the heels of Yahoo’s reporting that CEO Marissa Mayer will pocket over $180 million when the sale of its core business to Verizon closes. It is interesting to note that the CEO who failed to execute a turnaround strategy losing a massive amount of shareholder value, is rewarded at a level comparable to the CEO of arguably one of the most successful enterprises in the same digital online space. This is why compensation committees are obligated to attach performance criteria to the payout of equity awards. Mayer’s performance deserved a goose egg, not a windfall.
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