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

Discussion in 'Android News' started by dgstorm, Jan 24, 2011.

  1. dgstorm

    dgstorm Editor in Chief Staff Member Premium Member

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    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. kodiak799

    kodiak799 Silver Member

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    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. Sweettooth

    Sweettooth Member

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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. Sweettooth

    Sweettooth Member

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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.
     
  5. mthorn79

    mthorn79 Member

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    Why the hell is he wearing a bullet proof vest?
     
  6. bthomp21

    bthomp21 Guest

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    steve jobs is crazy
     
  7. soondolee

    soondolee Member

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    425 millllllll............:icon_eek:
    he can give me the 1% of that money.....
     
  8. Phil DeLong

    Phil DeLong New Member

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    You're my hero.
     
  9. xsylus

    xsylus Active Member

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    I'd buy every android phone (and tablet) ever made and test them out to see which one(s) I liked the best! :i-m_so_happy: Heck, with that kind of dough I could have a company build me a custom android phone with my desired specs! :cool:
     
  10. stevenjim

    stevenjim New Member

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    Your picture looks like a houseworking man!
     
  11. Jokool_7777

    Jokool_7777 Member

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    Leave

    #1. Set up the family and future family so the next 10 generations do not have to work.

    #2. Leave the country.
     
  12. JohnnytheK

    JohnnytheK Senior Member

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    Thank you, I was wondering the same thing.

    "Oh wait before I can take a picture I have to wear my vest."
     
  13. allenhayden

    allenhayden New Member

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    Oh it sounds very awesome that he has been awarded such a huge $ award. If i were he, i would have my own versatile cabs collections from whole world..
     
  14. allenhayden

    allenhayden New Member

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    hahah its best thing to do with vest.