Feeds

Google backslaps Schmidt with $100m award

Take the money and hum

New hybrid storage solutions

Google’s outgoing CEO Eric Schmidt, who will be succeeded by the company’s co-founder Larry Page in April, will reportedly pocket a $100m equity award.

According to Bloomberg, which cites a person familiar with the matter, Schmidt’s payout is the first such equity award he will have received since joining Google as board chairman 10 years ago.

Stock units and options on shares that will vest over four years are included in the award, said the news agency.

A regulatory filing posted by Google late last week said that Schmidt plans to sell about 5.8 per cent of his stock – which is valued at around $326.7m – in the Mountain View Chocolate Factory.

Schmidt owned about 9.2 million shares in Google at the end of 2010. He now plans to sell around 534,000 shares, said the filing.

In related Schmidt news, the soon-to-be ex-boss of Google will be hanging out with some members of UK.gov later today.

“Looking forward 2 mtg Eric Scmidt [sic] later, wonder if like Mark Zuckerberg a Downing St visit means he'll break habit of lifetime & wear a tie,” asked Culture Secretary Jeremy Hunt on his Twitter account.

But hey, those Silicon Valley types aren’t real suited-and-booted businessmen, are they? ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Quit drooling, fanbois - haven't you SEEN what the iPhone 6 costs?
How keen will buyers be when exposed to the real price?
Ex-Autonomy execs: HP's latest wad blows apart fraud allegations
Top bods claim IT titan's latest court filing is smoking gun of 'reckless aggression'
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Elon Musk says Tesla's stock price is too high ... welp, NOT ANY MORE
As Nevada throws the SpaceX supremo a $1.25bn bone
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.