Eric Schmidt’s Salary Increases From $1 to $1.25M
Larry Page recently replaced Eric Schmidt as CEO of Google. It appears that the stepping down turned out to be beneficial for Eric Schmidt. He is now Google’s executive chairman, and his salary has been increased drastically. As CEO, Eric had a salary of $1 per year, but acoording to a SEC filing from Gooogle, he will be getting $1.25M per year along with a possible 400% target bonus from his base salary.