News: Google offers inflated pay to Chairman

Compensation & Benefits

Google offers inflated pay to Chairman

Despite the slump in stock, Google paid its billionaire Chairman, Eric Schmidt approximately $109 million. Most of this compensation comprised stock worth over $100 million. It was the largest Schmidt has received since 2011. The inflated payout came amidst investor concerns about the company’s investments in projects and falling stock.

Despite the slump in stock, Google paid its billionaire Chairman, Eric Schmidt approximately $109 million. Most of this compensation comprised stock worth over $100 million. It was the largest Schmidt has received since 2011. The inflated payout came amidst investor concerns about the company’s investments in projects and falling stock.

Read the Economic Times news report here.

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Topics: Compensation & Benefits, #Trends, #International

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