Google’s ex-CEO gets $101M pay package in new job
SAN FRANCISCO—Shifting from Google’s CEO to executive chairman proved to be lucrative career move for Eric Schmidt.
Google Inc. awarded Schmidt a compensation package valued at $101 million last year. The amount disclosed in a regulatory filing is 322 times higher than the $313,219 package that Schmidt received in 2010 during his final full year as the Internet search leader’s CEO.
Schmidt ended a decade-long stint as Google’s CEO last April and turned over the job to Google co-founder Larry Page.
Shortly before the change in command, Google gave Schmidt stock and stock options awards valued at nearly $94 million. The rest of Schmidt’s compensation consisted of a $937,500 salary, $6 million bonus and perks worth nearly $264,000.
Page received a $1 salary as CEO.
Both Page and Schmidt are multibillionaires.
