He doesn't take pay, he gets compensation.
Only $1 base pay but he gets performance-related bonuses. Still, only $500K last year as CEO of Google-- that's like working for free in CEO terms.
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Google CEO Eric Schmidt Accepted No Salary or Stock for Apple Board Service
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Only $1 base pay but he gets performance-related bonuses. Still, only $500K last year as CEO of Google-- that's like working for free in CEO terms.
He didn't need to get paid, he just had to sit on the meetings to help come up with ideas for Google's next product.
Don't get me wrong, I appreciate the results when Apple and Google collaborate, but I doubt Steve Jobs was thrilled when Android, Chrome, and Chrome OS were announced.
The "collaboration" aspect is exactly what the Feds are looking into...
No offense to Mr. Jobs, but if he didn't see that Chrome OS and Android were coming, he needs to step down from Apple. You don't put WebKit out there and not expect companies to begin developing their own software with it; Chrome isn't a shock either. It is fascinating to see how mobility has completely changed the computing landscape and where it is going now. I wonder when Nokia's long forgotten multi-touch endeavor sees the light of day.
Boo hoo
Oh no, he only got paid $1/year! The rich are so oppressed by how much they get taxed!
Really, how can anyone think that taxing the rich at a higher rate is a bad thing when they pull this kind of thing? It's common practice to give yourself a low salary and then pull in all kinds of money in other ways that can be hidden from the government. Health care would be paid for in no time if they were able to go after these guys.
Oh no, he only got paid $1/year! The rich are so oppressed by how much they get taxed!
Really, how can anyone think that taxing the rich at a higher rate is a bad thing when they pull this kind of thing? It's common practice to give yourself a low salary and then pull in all kinds of money in other ways that can be hidden from the government. Health care would be paid for in no time if they were able to go after these guys.
Oh no, he only got paid $1/year! The rich are so oppressed by how much they get taxed!
Really, how can anyone think that taxing the rich at a higher rate is a bad thing when they pull this kind of thing? It's common practice to give yourself a low salary and then pull in all kinds of money in other ways that can be hidden from the government. Health care would be paid for in no time if they were able to go after these guys.
Dude... You get taxed on "compensation" and "gifts" as well. Sooooo... You know. You may even have noticed that when he received his gift from Apple they gave him money to pay for the taxes on it. So they are paying taxes.
Oh no, he only got paid $1/year! The rich are so oppressed by how much they get taxed!
Really, how can anyone think that taxing the rich at a higher rate is a bad thing when they pull this kind of thing? It's common practice to give yourself a low salary and then pull in all kinds of money in other ways that can be hidden from the government. Health care would be paid for in no time if they were able to go after these guys.
What are you talking about? Nobody is talking about graduated tax scales here, so why are you even starting that argument? And what "kind of thing" is he pulling? He doesn't take pay or stock options! Oh, how sneaky!
He didn't need to get paid, he just had to sit on the meetings to help come up with ideas for Google's next product.
Don't get me wrong, I appreciate the results when Apple and Google collaborate, but I doubt Steve Jobs was thrilled when Android, Chrome, and Chrome OS were announced.
Competition is good. Steve Jobs being thrilled, I could care less about.
I am sure the company trips for him and his family to Australia, Switzerland and all the other dream destinations are provided. And anyone ever heard the term "expense" account? I am sure he pays for no meals, no gas, no cellphone, no internet, HELL I bet his mortgage is even on the expense account.
This guy is no martyr, we all know how the business world operates.
This guy is no martyr, we all know how the business world operates.
To someone like Eric Schmidt refusing Apple's payment is like you or I refusing a $1 tip. $300,000 in Apple stock options is nothing to A guy worth billions.
What happens is that for most people if Isomeone gave them an extra $100K then they would afford to buy or do something they could not have otherwise. But once you reach the billionaire level Even having an extra million one way or the other does not change anything. What you can do or buy is more limited by your imagination and time.
What happens is that for most people if Isomeone gave them an extra $100K then they would afford to buy or do something they could not have otherwise. But once you reach the billionaire level Even having an extra million one way or the other does not change anything. What you can do or buy is more limited by your imagination and time.
From Wikipedia:
"Schmidt is one of the few people who have become billionaires (USD) based on stock options received as an employee in a corporation of which neither he nor a relative was the founder. In its 2006 'World's Richest People' list, Forbes ranked Schmidt as the 129th richest person in the world..."
He doesn't need the money.
I was happy to have him as a board member of Apple, because I think it's really useful to have more top level entrepreneurs on the board.
"Schmidt is one of the few people who have become billionaires (USD) based on stock options received as an employee in a corporation of which neither he nor a relative was the founder. In its 2006 'World's Richest People' list, Forbes ranked Schmidt as the 129th richest person in the world..."
He doesn't need the money.
I was happy to have him as a board member of Apple, because I think it's really useful to have more top level entrepreneurs on the board.
He definitely doesn't need the money... since he's sitting on $3Billion in "Equity Holdings". Besides, salary is different from compensation.
why would he take salary or stock.
he got lots of information about operating system development and strategies for free (at least until google made their chrome os plans public and he left during os discussions).
If apple would release a tablet with 3G/4G i could post from safari. so technically it's all apples fault.
he got lots of information about operating system development and strategies for free (at least until google made their chrome os plans public and he left during os discussions).
If apple would release a tablet with 3G/4G i could post from safari. so technically it's all apples fault.
He doesn't take pay, he gets compensation.
I figured he got other compensation just like Steve Jobs' salary is also $1 but he gets tons of other compensation. But Eric only got $500,000.00???
Man that sucks! Steve Jobs gets around half a BILLION dollars in compensation. But then again he is the highest paid C.E.O. in the world from what I know.
Board members are voted in by the shareholders. If you own lots of stock, then you get lots of votes. Getting your name on the ballot sent out to the shareholders so you don't have to start a write-in campaign is the real trick.
He has so much money from his older Google stock options that he didn't need more Google or Apple options.
I might still work as well, but it would have to be the absolute perfect opportunity.
In a more recent list from Forbes, E. Schmidt has actually moved up to #119 with a networth at $4.4 billion. In contrast, Google Inc. founders Sergey Brin and Larry Page tie at #26 with a networth at $12.0 billion.
http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people-search.html?Name=eric+schmidt&Age=0-99&NetWorth=1.0-70.0&City=&Source=
The guy's a billionaire - he doesn't need the money and as one other poster put it; sounds like a nice, moral kind of guy. Oh, that can't be, he's a CEO of a major corp. Gee, wouldn't it be nice if he really was a nice, moral kind of guy. There would actually be an example for the rest of the crooks out there.
Hmmmm...
I just those trade secrets he stuffed in his pocket were payment enough. What original ideas has google ever had? And no, search engine, maps, email and payment services don't count as original.
Bye, bye schmitty, don't let the door hit you in the back door on the way out!
I just those trade secrets he stuffed in his pocket were payment enough. What original ideas has google ever had? And no, search engine, maps, email and payment services don't count as original.
Bye, bye schmitty, don't let the door hit you in the back door on the way out!
Whiners!
You guys talk and judge a person you have never met and only know him from a few lines of an article.
Lots of Googles products are free. Thank goodness they bought Youtube. Wave may change the whole way we communicate on the web.
I say thanks Mr Schmidt for your ideas to make the Mac better and look forward to seeing Googles new products.
You guys talk and judge a person you have never met and only know him from a few lines of an article.
Lots of Googles products are free. Thank goodness they bought Youtube. Wave may change the whole way we communicate on the web.
I say thanks Mr Schmidt for your ideas to make the Mac better and look forward to seeing Googles new products.
Free Int.
Eric could hardly believe his luck at being given a board seat with a rival and access to ideas and intelligence - probably totally forgot to ask
Eric could hardly believe his luck at being given a board seat with a rival and access to ideas and intelligence - probably totally forgot to ask
Took no money? Yeah... right.
Do they think we are stupid. Do they think we breath through our mouths and cower when we hear a loud noise? Do they really disrespect us that much?
Are we supposed to believe that an executive at that level would spend even one second of his time on ANYTHING that wasn't in his own interests? He couldn't JUSTIFY it to his own corporation. Never in a million years would ANY high-level exec spend time on a competitor's board without some kind of paybak; he didn't get to be in that position by working for free.
It boggles the mind that they actually think we are so stupid as to not realize execs don't need to get a check to get compensated; this level of intellectual dishonestly is truly astounding. And disgusting.
I am repulsed, revolted by this kind of corporate disrespect for the consumer. Vile.
Do they think we are stupid. Do they think we breath through our mouths and cower when we hear a loud noise? Do they really disrespect us that much?
Are we supposed to believe that an executive at that level would spend even one second of his time on ANYTHING that wasn't in his own interests? He couldn't JUSTIFY it to his own corporation. Never in a million years would ANY high-level exec spend time on a competitor's board without some kind of paybak; he didn't get to be in that position by working for free.
It boggles the mind that they actually think we are so stupid as to not realize execs don't need to get a check to get compensated; this level of intellectual dishonestly is truly astounding. And disgusting.
I am repulsed, revolted by this kind of corporate disrespect for the consumer. Vile.