Erik Schmidt’s annual salary increased from $ 1 to $ 1.25 million

As you know, on April 4, Eric Schmidt transferred the position of Google CEO Larry Page, while he himself remained chairman of the board of directors.

And this change had a positive effect on his salary.
')
Being a CEO, Schmidt earned $ 1 a year - this is a popular salary among CEOs. But now (according to the documents submitted by Google to the US Securities and Exchange Commission) he will receive $ 1.25 million per year, with the possibility of receiving a bonus of 400% of his salary.

Eric Schmidt has already received more compensation after leaving office: $ 100 million in stocks and stock options. In addition, in January, he stated that he would sell 534,000 Google shares next year, which now cost about $ 280 million.

The general condition of Schmidt, according to Forbes, is 6.3 billion dollars.