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Alphabet/Google pay: Schmidt drops to $8M; Pichai draws $100M

The preliminary proxy for Google parent Alphabet (GOOG -1.7%, GOOGL -1.5%) shows a big decline in pay for Chairman Eric Schmidt, and a sizable sum for first-year Google CEO Sundar Pichai.

Schmidt's total compensation for 2015 was $8M, sharply down from $108.7M, as...