Blog Post

Google Gives Schmidt A $100 Million Equity Award

Eric Schmidt, who already announced last week his intention to sell more than $330 million in stock over the next year, is now receiving $100 million in Google (NSDQ: GOOG) stock options, which will vest over the next four years, according to an SEC filing. Not bad for a man who stepped down from the CEO job last week. As AllThingsD’s John Paczkowski writes, the award almost seems like a severance payment, which would seem to give more fuel to the line of thought that Schmidt was pushed out.