Google CEO Sundar Pichai paid $200 million from Alphabet in 2016

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New Delhi, April 29
Google CEO Sundar Pichai received a $200 million compensation package last year for running the internet company that makes nearly all the money for Alphabet Inc.
Most of the pay consisted of Alphabet stock that the company valued at $198.7 million in securities documents filed Friday. Alphabet gave the award to Pichai in January 2016, a few months after he succeeded Larry Page as Google’s CEO. Pichai still reports to Page, a Google co-founder who is now
Alphabet’s CEO.
Page limits his annual pay to $1 because he already has an estimated fortune of $41 billion.
The stock that Pichai received will vest in quarterly increments through January 2020.
The 44-year-old Pichai also received a $650,000 salary last year in addition to personal security services and air travel valued at $372,000.
About 8-9 lakh
registered companies not filing returns: Revenue secy
New Delhi, April 29
About 8-9 lakh registered companies are not filing annual returns with the ministry of corporate affairs (MCA) and are a potential source of money laundering, revenue secretary Hasmukh Adhia said on Saturday.
Speaking at the Enforcement Day event in New Delhi, Adhia said the task force set up by the PMO is monitoring these companies every 15 days.
“There are 15 lakh registered companies… as many as 8 -9 lakh are not filing annual returns with the corporate affairs ministry. They have become a potential threat for money laundering,” he said. He said that if companies do not file returns after getting registered with the MCA, then these are used as potential source of money laundering.
“We have given notices to some of them,” he said, adding that the task force co-chaired by him and the MCA secretary is keeping a close watch on them. According to Adhia, trade-based money laundering is in focus after the Rs 6,000-crore Bank of Baroda case. In a major crackdown on domestic shell companies, the government had decided in February to take “harsh punitive” action, including freezing of their bank accounts used to launder money or evade taxes.

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