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Google grants Schmidt USD 100 mln equity award

Monday 24 January 2011 | 13:14 CET | News
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Google is granting an equity award package of USD 100 million to its departing CEO Eric Schmidt, who will be succeeded by co-founder Larry Page in April, Bloomberg reports. This is the first equity award for Schmidt since he joined the company as board chairman in 2001. The award includes stock units and options on shares that will vest over four years, a person familiar with the matter said. Schmidt is becoming the executive chairman of Google in April to focus on external matters, including deals, partnerships, customers and government outreach, he said in a blog post. Google said in a

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Categories: Internet
Companies: Google
Countries: World
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