Google Awards $100 Million to Eric Schmidt
NEW YORK (AP) - Google says it has awarded $100 million worth of equity to outgoing CEO Eric Schmidt.
Google Inc. said in a filing on last Monday, that the stock and stock options will be granted today and will vest over four years.
The 55-year-old Schmidt is being replaced as Google's CEO by co-founder Larry Page. Both men, along with Google's other co-founder Sergey Brin, have limited their salaries to $1 for years. But the three are Google's controlling shareholders.
Schmidt will stay with Google and serve as executive chairman starting in April, when the 37-year-old Page takes over the CEO role.
Latest Stories
- HARD ROCK CASINO NORTHERN INDIANA DONATES $15,000 TO SOJOURNER TRUTH HOUSE
- South Suburban College Men’s Basketball Wins Midwest Region 4B District Championship; Advances to NJCAA National Tournament
- City of Gary Announces Major Donation from Hard Rock Casino Northern Indiana to Support New Gary Animal Care Facility
- RAVINIA FESTIVAL ANNOUNCES ITS MILESTONE 2026 SEASON, FEATURING THE INAUGURATION OF THE UPDATED AND REDESIGNED HUNTER PAVILION
- Chicago Teachers Union Members Vote to Join National Day of “No School, No Work, No Shopping” on May 1st
Latest Podcast
Reverse Mortgages
