Schmidt gets $100m in Google stock on top of his $6m bonus Google chair Eric Schmidt has gotten his second $100m dose of restricted stock units in less than three years. The Chocolate Factory said in a filing with the Securities and Exchange Commission that Schmidt was getting the stock award along with a $6m cash bonus for the year next week. The firm said the sizeable package was " …
He wasn't there from the start, he was a hired hand from Novell (Novell who are they? ......exactly).
What business has he ever started and built from the ground up?
He's your typical management type. Get a job at a big name then move between big companies as your CV looks good. Ride the success waves at a big firm even though you probably had absolutely nothing to do with the success of that company.
Actually, he's a geek. He wrote "lex", was recruited from Xerox Parc into Sun Microsystems, may have been employee #1 but I cannot remember, headed up numerous software operations within the company.
And despite sharing a peddle boat on the canals of Amsterdam in '87 (Sun's European kickoff) , never returns my calls :-)
Fine, Google's doing reeeally well, taking over the world and all that.
Fine, Google isn't doing anything other corporates aren't doing - CEOs for large corporates are (unfairly, IMHO) all paid disproportionately more than their average serf. I mean, employee.
But, come on. Does he, personally, contribute THAT much to the bottom line in a year? I doubt it.
Just look at the news today about Google and the European Union, and I think you will have a pretty good idea of what he did for the company. He seems to be the one who has been in contact with Almunia.
When you think of it, Schmidt fits quite well in the role of diplomatic envoy to bureaucrats and politicians.
Ya can't expect a CEO in these days and age to skimp by on a measly $10-$20 million in annual compensation. That's the reason Tim Cook uses Chinese slaves to produce Apple products so he can get $700 million in annual compensation.
If you think these greedy bastards are a disgrace, you'd be right.
Cook DOES NOT get $700 million in annual compensation. He was granted 1 million shares of Apple, half of which vested five years in the future (2017, I believe) and the other half vesting ten years in the future (2022) This was a one time grant, and the $700 million figure was based on Apple's stock price at the time, it would be somewhere over $500 million today. While $50 million a year is nothing to sneeze at, it is a long way from your ridiculous claim.
With Schmidt getting $100 million every few years, he's getting a similar level of compensation as Cook is.
The company is growing like a weed. He was the CEO from before the IPO, so much of what he did positioned them to become the $380B company it has grown into. He achieved this despite considerable headwinds - the largest, most powerful tech company in the world spending billions a quarter and considerable influence to "cut off their air supply". In 10 years investors are up 9.4x their investment.
"Bind not the mouths of the kine that tread the grain."
These people are real cash-addicts, they seem to live for the love of money
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