Sundar Pichai, chief executive of Alphabet and Google, was awarded compensation in 2022 valued at $226 million, according to a regulatory filing Friday, including stock awards valued at more than $200 million. Last month, Google’s finance chief told employees to expect more spending cuts. Alphabet said in the filing that more of the latest stock award would be dependent on performance over time, increasing the proportion of performance stock units to 60% of the total from 43% in 2019. Read More...
Reuters
Vanguard bought large banks’ bonds on the cheap during March turmoil
Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, taking advantage of cheap valuations, according to a report seen by Reuters. The collapse of two U.S. regional banks last month triggered wild price fluctuations across fixed income markets, with worries over the banking sector weighing broadly on corporate bond prices. “The banking troubles offered a brief window to add large banks at compelling valuations,” said the report, written by Sara Devereux, global head of fixed income group, and her team.
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