tyb
Alphabet grants CEO Pichai largest ever stock award, again
(Reuters) - Alphabet Inc’s (GOOGL.O) newly instated Chief Executive Officer Sundar Pichai would receive a hefty $240 million in performance-based stock awards over the next three years, the highest ever promised to any executive of the search giant. Pichai would also take home $2 million in annual salary starting 2020, according to a regulatory filing on Friday. That compares with a $1 salary received by Larry Page in the same role last year. “In terms of grants related to CEO appointments, it’s behind Tim Cook’s grant of $376 million when he took over Apple,” said Amit Batish, marketing manager at Equilar, a firm that tracks executive compensations.
Google co-founders Page and Sergey Brin stepped down earlier this month as leaders of the internet behemoth they founded 21 years ago, giving Pichai charge of the parent company in addition to his role as the chief of Google. Trusted lieutenant Pichai, who has spent 15 years at Google, is now the public face of a company that is facing criticism from U.S. lawmakers as well as its employees over a number of issues ranging from privacy to monopoly. When he took over as Google’s chief in 2015, Pichai drew an annual salary of $652,500. The following year his earnings skyrocketed, thanks to a massive $199 million in stock awards, the highest ever for any Alphabet executive back then.
Pichai is widely credited for making the Google chrome browser a success and was seen as a potential successor to Microsoft Corp (MSFT.O) CEO Steve Ballmer before Satya Nadella took over in February 2014. According to the most recent proxy statement from the company, Pichai earned nearly $1.9 million in 2018, which mostly included the costs for his security and personal use of aircraft. His base salary that year was $650,000.
Median CEO base salary reached $1.2 million among the largest U.S. companies by revenue in 2018, according to Equilar.
https://www.reuters.com/article/us-google-compensation/alphabet-grants-pichai-largest-ever-stock-award-again-idUSKBN1YO291
https://www.sec.gov/ix?doc=/Archives/edgar/data/1652044/000165204419000043/sp8-k.htm
fuck off toilet boi
We are researchers who deal in open-source information, reasoned argument, and dank memes.
We do battle in the sphere of ideas and ideas only.
We neither need nor condone the use of force in our work here.
Chewy.com CEO sold $21.96m in shares-Dec 18-19
The largest non-institutional shareholder.
Lockups have expired for some of the officers. A few additional sales but not big.
See Cap #2
It was founded under the name "Mr. Chewy" in September 2011 by Ryan Cohen and Michael Day. The company hired former employees and executives from Amazon, PetSmart, Whole Foods Market, and Wayfair. In March 2012, the company estimated a total yearly revenue of $26 million, despite losing money in its first half year. By 2016 it had received $236 million in venture capital financing over 5 rounds from Volition Capital, Mark Vadon, T. Rowe Price, New Horizons Fund, BlackRock, Allen & Co, Verlinvest and Greenspring Associates. By 2017, the company had revenue of approximately $2 billion and 51% of online pet food and litter sales in the US. It spent heavily on customer acquisition and retention; in 2017 Forbes reported that its profitability was unclear, and quoted an unnamed competitor who that its customer acquisition costs might be as high as $200 per customer and who said: "The bottom line is that Chewy is incredibly predatory, and they're willing to lose money to grow their volume." In March 2018, Cohen stepped down as Chewy's CEO, and Sumit Singh was named the company's new CEO.
In February 2018, Chewy opened a new 100,000 square foot customer service center in Hollywood, Florida, which houses over 1,000 employees. Also in 2018, Chewy.com opened a new 802,671 sq. ft. distribution facility in Goodyear, Arizona, adding 700 new jobs to the Phoenix West Valley Metro Area. On April 29, 2019, Chewy filed an S-1 for an initial public offering, intending to trade under the ticker symbol CHWY. In its filing, Chewy reported a net loss of $268 million on total sales of $3.5 billion for its 2018 fiscal year. Chewy went public on June 14, 2019, at $22 per share
Sumit Singh is Chief Executive Officer & Director at Chewy, Inc. He previously held the position of Worldwide Director at AmazonFresh LLC and North American General Manager at Dell, Inc. He received an MBA from The University of Chicago Booth School of Business, a graduate degree from The University of Texas and an undergraduate degree from Punjab Technical University.
https://en.wikipedia.org/wiki/Chewy_(company)
https://www.finviz.com/insidertrading.ashx?oc=1777164&tc=7