The Office Of CEO Eric Schmidt Removed, Instead Rising Salaries

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CALIFORNIA-After being replaced by Larry Page as CEO, Eric Schmidt has served as Executive Chairman on Google earlier this month. It would certainly have an impact on the salary he received.

As CEO, Schmidt received a salary of USD1 million per year. But now he will receive a salary of USD1,25 million per year, with the possibility of an additional bonus of 400 percent of the payroll anyway. Such as quoted from Mashable, Friday (22/4/2011).

Before Schmidt also had large receive compensation for his resignation as CEO, i.e. USD100 million in the form of shares and stock options.

In January, prompting a Schmidt announced that next year he will sell Google shares. 534 thousand With the calculation of the price of the shares of Google at this time, steps will be his favor of USD280 million.

The new salary and compensation from Google surely will add content spend Schmidt. According to Forbes, the number of overall wealth estimated at $ USD6,3 billion of Schmidt.
(ATA)