Google awards $100 million to Eric Schmidt


Google says it has awarded $100 million worth of equity to outgoing CEO Eric Schmidt, the Associated Press reports. Google Inc. said in a filing on Monday the stock and stock options will be granted on Feb. 2 and will vest over four years. The 55-year-old Schmidt is being replaced as Google’s CEO by co-founder Larry Page. Both men, along with Google’s other co-founder Sergey Brin, have limited their salaries to $1 for years. But the three are Google’s controlling shareholders…

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