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View Full Version : Google Gives $100 Million Award to Outgoing CEO



MNeagle
23rd January 2011, 07:55 PM
BY AMIR EFRATI


Google Inc., fresh off announcing a management shake-up, will give a $100 million equity award to Chief Executive Eric Schmidt, who in April will be succeeded by company co-founder Larry Page.

Poornima Gupta, a spokeswoman for Google, said Saturday that it was the first such award for Mr. Schmidt since he joined the company in 2001. It includes stock and stock options, and vests over four years. She declined to comment further.

http://online.wsj.com/article/SB10001424052748704624504576098070086282958.html?m od=rss_whats_news_us_business

ShortJohnSilver
23rd January 2011, 08:57 PM
How exactly does this benefit the shareholders of Google? Where is the SEC on this?

willie pete
23rd January 2011, 09:06 PM
I don't think he's leaving the company, just shuffling chairs

Neuro
24th January 2011, 12:00 AM
How exactly does this benefit the shareholders of Google? Where is the SEC on this?
Probably hush money for their datamining and psychological profiling activities...

EE_
24th January 2011, 05:19 AM
I'll go with the hush money theory.
Their is much to tell about this criminal enterprise.
This German could be a huge liability to the Jewish owners.