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Wing

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Pichai's $692M Equity Plan Bets Big on Waymo and Wing Growth
business1 month ago

Pichai's $692M Equity Plan Bets Big on Waymo and Wing Growth

Alphabet CEO Sundar Pichai will receive a three-year equity package potentially worth up to $692 million, with up to $260 million tied to Waymo's per-unit value and up to $90 million tied to Wing, plus up to $252 million in performance stock units linked to Alphabet's total shareholder return and an $84 million time-based award; the compensation is designed to incentivize scaling Waymo and Wing as Waymo expands to 10 markets and Wing plans to roll out drone delivery to Walmart stores.

via Business Insider|
#alphabet#business#executive-compensation
Alphabet raises Sundar Pichai’s pay to as much as $692 million over three years
business1 month ago

Alphabet raises Sundar Pichai’s pay to as much as $692 million over three years

Alphabet has boosted Sundar Pichai’s total potential compensation to up to $692 million over the next three years, largely through performance stock units tied to shareholder returns, plus $84 million in restricted stock and a $2 million annual salary. The package also adds up to $350 million in incentives linked to its Waymo autonomous‑driving unit and Wing drone delivery business, with Waymo ($130 million target) and Wing ($45 million target) able to pay out up to 200% of target, for a baseline of about $391 million in stock and salary and a maximum of $692 million if performance is exceeded.

via Financial Times|
#alphabet-inc#business#executive-pay
Walmart Expands Drone Delivery to Multiple New Cities and States
business10 months ago

Walmart Expands Drone Delivery to Multiple New Cities and States

Walmart plans to expand its drone delivery service to three more states, including Atlanta, Charlotte, Houston, Orlando, and Tampa, reaching a total of five states. The service, operated by Wing, offers fast deliveries within a six-mile range, primarily for urgent items, and is part of Walmart's broader strategy to compete on convenience and speed. Despite some earlier setbacks, Walmart has delivered over 150,000 packages via drone since 2021 and continues to test and expand its drone delivery network.

via CNBC|
#business#drone-delivery#expansion
"Walmart's Massive Expansion: Drone Deliveries Reach 1.8 Million Texas Homes"
businesstech2 years ago

"Walmart's Massive Expansion: Drone Deliveries Reach 1.8 Million Texas Homes"

Walmart is expanding its drone delivery program to cover 1.8 million more households in Texas, reaching 75% of the population in the Dallas-Fort Worth metro area through partnerships with drone startups Wing and Zipline. Customers within 10 miles of a participating Walmart can receive deliveries of small items like cold medicine and eggs in 30 minutes or less. The program, which now uses drones from both Wing and Zipline, has completed over 20,000 successful deliveries and aims to provide fast, emission-free, and quiet delivery experiences.

via The Verge|
#businesstech#drone-delivery#texas
Walmart and Wing Partner for Fast Drone Delivery Service
technology2 years ago

Walmart and Wing Partner for Fast Drone Delivery Service

Walmart is partnering with Wing, an on-demand drone delivery provider, to expand its drone delivery service to two stores in the Dallas metro area. This collaboration will allow Walmart to reach an additional 60,000 homes and offer customers the convenience of on-demand delivery within a 6-mile range of the participating stores. Customers will be able to order a variety of items, including frozen treats, household essentials, and fragile items like eggs. This partnership aligns with Walmart's commitment to finding innovative and eco-friendly last-mile delivery solutions.

via Walmart Corporate|
#convenience#drone-delivery#innovation