Google Gives Schmidt $100 Million

Published by: Mike Goldman on 24th Jan 2011 | View all blogs by Mike Goldman
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Google Gives Schmidt $100 Million

Eric Schmidt, who announced earlier this week he will step down as Google's CEO in the spring, has reportedly been given $100 million in stock and options.  A story in the Wall Street Journal called the award “highly unusual” for an active CEO, explaining that these types of rewards are usually given to new chief executives.

The Journal called the award the largest in grant-dollars for an active CEO since Motorola co-Chief Sanjay Jha was given $103 million in 2008.  Schmidt's award will reportedly vest over four years.  Schmidt has served as Google's chief for ten years, during which time the company has evolved into the world's leader in Internet search and one of the most well known companies in the world.

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