29 ms·

Google Gives $100 Million Award to Outgoing CEO

30 points by DarrenLehane 16y ago

benologist 16y ago
Should have said he was going to Facebook, they'd have given him a billion.
vladd 16y ago
Non-trimmed article links: http://www.bloomberg.com/news/2011-01-21/google-said-to-grant-100-million-in-equity-to-eric-schmidt.html http://www.bloomberg.com/news/2011-01-21/google-said-to-gran... http://latimesblogs.latimes.com/technology/2011/01/google-eric-schmidt-equity.html http://latimesblogs.latimes.com/technology/2011/01/google-er...
joshfraser 16y ago
Keep in mind Eric has been taking a $1/year salary since joining Google. Not that he has suffered financially at all due to his equity holding in the company, but I doubt anyone would argue this is well deserved.
- mistermann 16y ago
  I don't know, I would say it's certainly debatable. Would things really be that different had he not been there? Could someone else done a similar job for say, only $50 million (and the same compensation due to options)? I don't have any particular opinion in this instance, but discussions of this nature seem to be forbidden for some reason.
  - SoftwareMaven 16y ago
    I don't think you can second guess like that, since there is no way to answer the question. In a world of infinite possibilities (second guessing the past), everything is possible but meaningless. All you can do is ask "Did he accomplish his job in such a way as to deserve earning $100M over the course of 10 years?" I think the answer to that is probably yes.
    - jacquesm 16y ago
      > In a world of infinite possibilities (second guessing the past), everything is possible but meaningless. But we don't actually live in a world with infinite possibilities. It's easy to think that we do but in practice our possibilities are circumscribed in many ways. Who knows, without knowing exactly which decisions that Schmidt made led to which gains for google it is very hard to point out if this is due to his presence or not. On the whole the company is much better off than when he joined but it seems strange to lay all the credit for that at the door of the CEO, lots of people at google played a role in that and I'm pretty sure they won't be compensated to match if they decide to step down.
    - Andrew_Quentin 16y ago
      I think that should be rephrased to: "Did he accomplish his job in such a way as to deserve earning 6 billion over the course of 10 years?" Seeing as he has a 9.6% share of the company which he has acquired over the past 10 years as reward I suppose for the job he has done. And then you can ask, did he deserve a 100 million gift on top of the 6 billion.
raheemm 16y ago
Isn't he a billionaire from Google stock?! Seems like exec compensation has no logic...
- code_duck 16y ago
  He's arranged to sell $335 million of stock later this year, also.
- deleted 16y ago
  [deleted]

30 points by DarrenLehane 16y ago

Should have said he was going to Facebook, they'd have given him a billion.

vladd 16y ago

Non-trimmed article links: http://www.bloomberg.com/news/2011-01-21/google-said-to-grant-100-million-in-equity-to-eric-schmidt.html http://www.bloomberg.com/news/2011-01-21/google-said-to-gran... http://latimesblogs.latimes.com/technology/2011/01/google-eric-schmidt-equity.html http://latimesblogs.latimes.com/technology/2011/01/google-er...

joshfraser 16y ago

Keep in mind Eric has been taking a $1/year salary since joining Google. Not that he has suffered financially at all due to his equity holding in the company, but I doubt anyone would argue this is well deserved.

mistermann 16y ago
I don't know, I would say it's certainly debatable. Would things really be that different had he not been there? Could someone else done a similar job for say, only $50 million (and the same compensation due to options)? I don't have any particular opinion in this instance, but discussions of this nature seem to be forbidden for some reason.
- SoftwareMaven 16y ago
  I don't think you can second guess like that, since there is no way to answer the question. In a world of infinite possibilities (second guessing the past), everything is possible but meaningless. All you can do is ask "Did he accomplish his job in such a way as to deserve earning $100M over the course of 10 years?" I think the answer to that is probably yes.
  - jacquesm 16y ago
    > In a world of infinite possibilities (second guessing the past), everything is possible but meaningless. But we don't actually live in a world with infinite possibilities. It's easy to think that we do but in practice our possibilities are circumscribed in many ways. Who knows, without knowing exactly which decisions that Schmidt made led to which gains for google it is very hard to point out if this is due to his presence or not. On the whole the company is much better off than when he joined but it seems strange to lay all the credit for that at the door of the CEO, lots of people at google played a role in that and I'm pretty sure they won't be compensated to match if they decide to step down.
  - Andrew_Quentin 16y ago
    I think that should be rephrased to: "Did he accomplish his job in such a way as to deserve earning 6 billion over the course of 10 years?" Seeing as he has a 9.6% share of the company which he has acquired over the past 10 years as reward I suppose for the job he has done. And then you can ask, did he deserve a 100 million gift on top of the 6 billion.

raheemm 16y ago

Isn't he a billionaire from Google stock?! Seems like exec compensation has no logic...

code_duck 16y ago
He's arranged to sell $335 million of stock later this year, also.
deleted 16y ago
[deleted]