A $1.25 Million Raise For Google's Schmidt
Looks like Eric Schmidt’s new role as executive chairman of Google comes with a proper salary.
Schmidt, who once earned just $1 a year as CEO is now drawing a base salary of $1.25 million with a potential $6 million annual bonus, according to a securities filing on Tuesday.
A nice raise for Schmidt, who stepped into his new role on April 4–not that he’ll even notice it. He currently owns some 9 million shares of Google, with a market value of about $4.8 billion.