Schmidt mulls how to spend $100m Google windfall
Eric Schmidt, Google’s chief executive, has been awarded $100m of stock in the firm after agreeing to relinquish day to day control of the company to its co-founder, Larry Page.
Although he won’t possess the assets for another four years Schmidt isn’t likely to feel short changed, the search chief is set to pocket a further $335m this year as part of a pre-arranged trading plan.
This is a mere pittance in relation to Schmidt’s total holdings however, which are currently estimated at $5.8bn.
If money can’t buy you happiness it can certainly buy you a super-yacht (or two) and the boardroom billionaire is, according to the New York Post, already plotting a turn as the host of his very own CNN show.
Schmidt has overseen a period of tremendous growth at Google, with the firm now valued at just under $200bn.