Google's Eric Schmidt Gets A $1.25 Million Raise

According to an April 13th Securities and Exchange Commission filing, Google Executive Chairman Eric Schmidt is getting a huge raise.

As CEO (before stepping down from the role in January), Schmidt was only bringing in $1 annually, and Google's Board of Directors recently approved a new $1.25 million salary with a possible bonus of up to 400-percent.

Life wasn't too difficult for Schmidt during his ten years as CEO -- he's got loads of Google stock and Forbes ranked him as the 52nd richest American last year with his $4 billion net worth.

The AFP notes, "Schmidt, who was replaced as CEO by Google co-founder Larry Page on April 4, can earn up to $6.0 million in 2011 through bonus payments, Google said in a filing with the US Securities and Exchange Commission."

Comments

[andygreensboro]

05:48 PM on 04/20/2011

As we live in America - it is no other persons business what other make - now granted it is released because google is a publicly traded company - but regardless - to all these people who are outraged by what this man makes -- GET OFF YOUR LAZY FANNY AND WORK HARDER AND LONGER AND MAYBE SOMEDAY YOU TOO WILL MAKE MORE MONEY TOO !! STOP WORRING WHAT OTHERS MAKE - IT IS NOT YOUR BUSINESS - IFYOU CONCERN YOURSELF WITH A BETTER WORK ETHIC YOU TOO WILL UNDERSTAND THIS AND HAVE MORE MONEY

[D Moon]

07:05 PM on 04/20/2011

While I agree that what someone else makes it their business and not something to get upset over.....

This idea that if you work harder and longer that you too will be rich is just not true. If only America was so black and white, it would be nice. However it is not. It is a lot more than just good work ethic to get way ahead in America or anywhere for that matter.

[Chuck Dick]

05:29 PM on 04/20/2011

Too bad you can't buy good looks. The guy is tremendously ugly.

[andygreensboro]

05:50 PM on 04/20/2011

PLEASE POST YOUR FACE PICTURE SO WE CAN DESIDE IF YOUR CRITQUE IS VALID

[talos72]

01:57 PM on 04/20/2011

Gee...an already billionaire making a 6 mill salary. Now we could sleep soundly.

[jabailo]

04:02 AM on 04/20/2011

Reminds me of the Spy Magazine article about Coasters:

Those who can, do.
Those who did...coast.

Here it is, ironically, on Google Books:

http://goo.gl/iEVzl

[Peter Combs]

11:21 PM on 04/19/2011

Is this News???

[Jiahui Shi]

11:42 PM on 04/19/2011

its called linkbait