Eric Schmidt’s Salary Increases From $1 to $1.25M

eric schmidt
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.

Larry Page Once Again CEO of Google

google trioBack in January, Eric Schmidt announced that he would be stepping down from the position of CEO to executive chairman of Google. He also mentioned that the CEO’s role would be handled by Larry Page, the co-founder of Google. When Google started, Larry was the first CEO of the search engine company, but after a while Sergey and Larry hired Schmidt or adult supervision. Read More