Google’s Former CEO Gets a 1.25 Million Percent Pay Raise, Still Really Rich

  • Share
  • Read Later

Plenty of CEOs earn a symbolic $1 per year, but according to The Wall Street Journal, Google’s Eric Schmidt will be getting a significant raise as the Internet search company’s Executive Chairman, in which he’ll be going from a reported single dollar a year to a slightly better $1.25 million.

To top things off, he’ll also be making an annual bonus of about $6 million.

But, when you’re the chairman of the Internet’s most profitable company, with an estimated value of a mind-numbing $192 billion, $7.25 million might seem quite small in comparison. (Yeah, I did the math.)

That’s why Schmidt also owns about 9.2 million shares of the Internet giant’s stock, or a respectable $5.8 billion. Which is cool, I mean, if you’re into things like being really, really rich.

More on TIME.com:

Google With Larry Page Could Look More Aggressive

Google Looks to Program Hindsight and Regret Into Computers

How Apple and Google Became the Two Most Admired Companies in the World

0 comments
Sort: Newest | Oldest