According to a regulatory filing submitted to the U.S. Securities and Exchange Commission, Sundar Pichai, the chief executive of Alphabet Inc., could receive compensation worth $692 million over the next three years. In Pakistani currency, that amounts to more than Rs192 billion.

At first glance, the figure looks staggering. Yet most of this pay is not a guaranteed salary. Instead, it is performance-based, meaning the final amount depends on how well the company’s ambitious projects perform.

In fact, Pichai’s base salary remains relatively modest by Silicon Valley standards $2 million a year, unchanged since 2020. The real reward comes from stock incentives and long-term performance targets, designed to keep the CEO focused on the company’s future rather than short-term gains.

A large portion of the compensation is tied to the success of Waymo, Alphabet’s self-driving car division. If the value of the company grows significantly within the next three years, Pichai could receive $260 million in stock awards.

Another part of the package is linked to Wing, a drone delivery venture aiming to reshape the logistics industry. Strong performance there could earn the CEO an additional $90 million.

Beyond project-based rewards, Alphabet plans to grant $252 million in stock as part of a long-term compensation plan. Meanwhile, $84 million will be awarded if Pichai simply remains with the company for the next three years  a clear sign that Alphabet wants stability at the top.

Pichai’s journey inside the tech giant has been a steady climb. He joined Google in 2004 as a vice president of product management. Over the years, he helped lead the development of Google Chrome and the Chrome OS, products that reshaped the way billions of people use the internet.

In 2015, he became CEO of Google, and by 2019 he was promoted to lead the entire Alphabet empire.

Today, his compensation plan sends a clear message: Alphabet is not just paying for leadership, it is investing in a vision of the future where autonomous cars, drone deliveries, and next-generation technology play a central role.

For Pichai, the message is equally clear: the bigger the breakthroughs, the bigger the reward.