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Google's Eric Schmidt Nets $100 Million

Google's Eric Schmidt Nets $100 Million

Although Google CEO Eric Schmidt is on his way out of the prized gig - company co-founder Larry Page, 37 (!), will replace Schmidt in April - he will be awarded $100 million worth of shares once he steps down. Which is nice. That's the dollar amount at which we start buying lottery tickets. So, you know, kudos all around, we guess.

For their part, Page and Google's other co-founder, the incomparable Sergey Brin, have limited their salaries to $1 per year.

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Google's Eric Schmidt Nets $100 Million
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