CEO of Google's parent company, Alphabet Inc.. , Sundar Pichai Receives $226M Award Amid Company Shortage of Funds, Downsizing and No Measurable Results in AI Development. The award made Sundar one of the highest paid corporate leaders in the world, writes Bloomberg..

In January 2023, Alphabet Inc announced it would cut approximately 12,000 jobs, representing over 6% of its global workforce.. People fired to cut company costs.

Half a year earlier, in October 2022, Alphabet reported profit and revenue that fell short of analysts' expectations.. Profit down 27% to $13.9 billion year-over-year.

And even earlier - Verily, the biotech division of Alphabet, announced a reduction of 15% of the staff.

As Bloomberg wrote at the time, the company was facing a slowdown in digital advertising, and its cloud computing division continued to lag behind Amazon and Microsoft..

The company also indirectly acknowledged problems with the implementation of artificial intelligence - a key investment area, explaining this with a surge in competition that Google has been facing lately..

Recall that Ukraine is smoldering its own scandal against the backdrop of the award, which was issued to himself by the ex-head of NJSC Naftogaz of Ukraine Andriy Kobolev. True, the Kobolev Prize was more modest.

The first part of the award amounted to 10 million. dollars instead of the maximum payment amount allowed by law of 37.4 million. UAH. And after leaving office, Kobolev received another $12 million.

It was a big part of the bonus for the victory over Russian Gazprom in the Stockholm Arbitration, despite the fact that Kobolev did not even lead this direction, as Naftogaz claimed.. And the case was won by lawyers who were paid 14 million euros by Naftogaz.