Alphabet Investors Should Reject CEO’s Pay, Proxy Firms Say
Alphabet Investors Should Reject CEO’s Pay, Proxy Firms Say. (Bloomberg) -- Alphabet Inc.’s executive pay packages have come under fire from a second influential shareholder advisory firm ahead of the Google owner’s annual meeting. Chief Executive Officer Sundar Pichai’s pay packet of about $250 million is “excessive” and not aligned closely enough to the company’s performance, according to a report from Glass Lewis & Co. seen by Bloomberg. The ISS report gave the Mountain View, California-based tech giant the worst possible risk rating for compensation and shareholder rights and also advised investors abstain or oppose the board on 13 of the 24 items on the meeting’s agenda.