Feeds

Schmidt gets $100m in Google stock on top of his $6m bonus

Choc Factory chair scores second big stock award in three years

Top 5 reasons to deploy VMware with Tegile

Google chair Eric Schmidt has gotten his second $100m dose of restricted stock units in less than three years.

The Chocolate Factory said in a filing with the Securities and Exchange Commission that Schmidt was getting the stock award along with a $6m cash bonus for the year next week.

The firm said the sizeable package was "in recognition of his contributions to Google's performance in fiscal year 2013". The restricted stock units will vest over four years from May 2015.

The stock award is the second big share in the firm Schmidt has got since he stepped down as CEO in favour of Larry Page in 2011. That year, his salary went from a dollar a year to $1.25m and he got $100m in stock and options to be vested over four years.

The company said at the time that the new salary package was based on the market's going rate for an executive chairman and "in recognition of his past service as CEO". ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.