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Thread: Google's ex-CEO Eric Schmidt to Receive a $100 Million Dollar Equity Award

  1. Editor in Chief
    dgstorm's Avatar
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    #1

    Google's ex-CEO Eric Schmidt to Receive a $100 Million Dollar Equity Award


    As Eric Schmidt steps down as CEO of Google, the company is giving him a generous "thank you for your service" gift. He will receive a $100 Million dollar equity award paid out over a four year period of time. It is also the first award like it, that he has received at the company. Wow! Most companies give you a "don't let the door hit you on the way out" shiny gold pocket watch or something. Also, Dr. Schmidt plans on liquidating 534,000 shares of Class A common stock, which amounts to another cool $325 Million dollars. Ultimately, these numbers seem huge to the average person, but they are really 'small-change' when you compare them to his 8.7 Million shares of stock, valued at about $5.3 Billion dollars. Yes... that's Billion with a 'b'. Mr. Schmidt must have needed some 'spending money' to play around with...

    What would you guys do with $425 Million dollars?

    Source: Reuters via Phonearena
  2. Droid Sensei
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    #2
    He's not exactly being fired - I believe he will remain as executive chairman of the board. Sounds more like planned succession, to me.

    Still a pretty gratuitous award, but I don't think investors have much reason to complain.
  3. Master Droid
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    I'd exchange it for roughly 420 million pennies, using the remainder of the money to secure or rent out a helicopter or cargo plane, then rain down the pennies on a large city during rush hour.
  4. Master Droid
    Sweettooth's Avatar
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    Correction. I'd use another chunk of the money paying for better math lessons seeing as how I obviously forgot there are 100 pennies in a dollar. Fail.
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    #5
    Why the hell is he wearing a bullet proof vest?
  6. Banned
    bthomp21's Avatar
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    #6
    Quote Originally Posted by mthorn79 View Post
    Why the hell is he wearing a bullet proof vest?
    steve jobs is crazy
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    #7
    425 millllllll............
    he can give me the 1% of that money.....
  8. Junior Droid
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    #8
    Quote Originally Posted by Sweettooth View Post
    I'd exchange it for roughly 420 million pennies, using the remainder of the money to secure or rent out a helicopter or cargo plane, then rain down the pennies on a large city during rush hour.
    You're my hero.
  9. Master Droid
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    #9
    I'd buy every android phone (and tablet) ever made and test them out to see which one(s) I liked the best! Heck, with that kind of dough I could have a company build me a custom android phone with my desired specs!
    “Innovation is not the product of logical thought..." ~Albert Einstein
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  10. Droid Newbie
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    #10
    Your picture looks like a houseworking man!
    My Sig was removed since I couldn't follow the guidelines.

    http://www.droidforums.net/forum/new-member-introductions-site-assistance/106774-guidelines-conduct-droidforums-net.html
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