Sunday, January 23, 2011

Google Gives $100 Million Award to Outgoing CEO - WSJ.com

Google Gives $100 Million Award to Outgoing CEO - WSJ.com
Google Inc., fresh off announcing a management shake-up, will give a $100 million equity award to outgoing Chief Executive Eric Schmidt, who in April will be succeeded by company co-founder Larry Page.

Poornima Gupta, a spokeswoman for Google, confirmed on Saturday that it was the first such award for Mr. Schmidt since he joined the company in 2001. It includes stock and options. She declined to comment further.

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