Press Here

Schmidt Bonus Would Be About $1,000 to You and Me



    Getty Images
    Eric Schmidt's therapist might want to check if the Google CEO is taking his medication.

    Talk about your bonuses.  Google announced Monday that is has awarded outgoing CEO Eric Schmidt $100 million worth of stock as part of his stepping down deal.

    The $100,000 million figure sounds like a lot, until you break it down to a salary a mere mortal would make.

    NBC Bay Area's Scott McGrew did the math and found it translates to about a $1,000 bonus to someone who owns $100,000 in stock. (Schmidt owns about $9 billion).

    To make it feel like an even lesser number, Schmidt won't get the $100 million all at once. It will vest over four years.

    Last week Google announced Schmidt will be replaced as Google's CEO by Google co-founder Larry Page. Page takes over April 1 (no fooling).