By MICHAEL LIEDTKE | Associated Press – Fri, Apr 20, 2012
SAN FRANCISCO (AP) — Shifting from Google’s CEO to executive chairman proved to be lucrative career move for Eric Schmidt.
Google Inc. awarded Schmidt a compensation package valued at $101 million last year, according to a Friday regulatory filing. The amount is 322 times higher than the $313,219 package that Schmidt received in 2010 during his final full year as the Internet search leader’s CEO.
Schmidt, 56, ended a decade-long stint as Google’s CEO last April and turned over the job to Google co-founder Larry Page.