Wednesday, April 20, 2011

Ex-CEO Schmidt Can Make Up to $6 Million as Google Chairman | News & Opinion | PCMag.com

Ex-CEO Schmidt Can Make Up to $6 Million as Google Chairman | News & Opinion | PCMag.com: "Eric Schmidt might have stepped aside as Google's CEO, but the move has certainly been lucrative for him—he's gotten a huge raise. His salary just jumped massively from the traditional $1 a year, the same as co-founders Sergey Brin and Larry Page, to $1.25 million, according to a recent SEC filing.
Schmidt hasn't walked away from the company completely. As of April 4, he officially made the transition to become Google's executive chairman. In this new role, Schmidt can make up to $6 million a year. That's a $1.25 million base salary with a target bonus of 400 percent."

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