Eric Schmidt is getting an “equity award” of $100 million in stock and options. Schmidt will be replaced in April by company co-founder Larry Page. The award is set to be vested over four years. Schmidt filed documents to sell company shares valued at $335 million last week. He will remain with the company as executive chairman, focusing on relations with customers, partners and government. Analyst: “This is one hell of a gold watch. I was concerned that the lower salary and benefit package might put him in a financial bind””]
Source: https://www.csoonline.com/article/2126722/google-s-schmidt-gets–100m-thank-you-gift.html