Schmidt Bonus Would Be About $1,000 to You and Me - NBC 7 San Diego
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Schmidt Bonus Would Be About $1,000 to You and Me



    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).