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Alphabet Becomes 2nd Company With Indian Origin CEO To Hit Trillion-Dollar M-Cap

Google Parent Alphabet Inc, which is headed by Indian origin CEO Sundar Pichai, hit a market capitalisation (m-cap) of $1 trillion for the first time on Monday, although it could not maintain this feat on a closing basis.

After Satya Nadella-run Microsoft, Alphabet became the second company run by an Indian CEO to hit a $1 trillion m-cap. Since Sundar Pichai took over as the CEO of Google in August 2015, Alphabet stock has delivered a return of 28.12%, outperforming the Nasdaq Composite index, the Economic Times said citing data from Bloomberg. In the last one year, Alphabet stock has delivered a return of 37%. Its annual revenues stood at $137 billion, higher than Microsoft, which commands a higher market valuation of $1,246 billion as compared to $993 for Alphabet.

Worth mentioning here is that Saudi Aramco is currently the world’s most valued company with a market capitalisation of $1,852 billion followed by Apple Inc ($1,390 billion).

In December 2019, Chennai-born Pichai became the chief executive of Alphabet after Google co-founders Larry Page and Sergey Brin decided to transition from their roles as CEO and President, respectively in the parent company Alphabet.

Sundar Pichai joined Google in 2004 and helped lead the development of Google Toolbar and then Google Chrome. After taking over as Google’s CEO in August 2015, he joined the Board of Directors of Alphabet in July 2017. Under his leadership as CEO, Google has been focused on developing products and services, powered by the latest advances in artificial intelligence (AI).

According to an SEC filing by Alphabet, Sundar Pichai will take home a $240 million stock package along with an annual salary of $2 million in 2020.―Times Now

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