Welcome Stranger to OCC!Login | Register

Eric Schmidt's Compensation From Apple Revealed

Category: General News
Posted: 01:42PM

The Google executive who recently left his position on Apple's Board of Directors didn't accept a single dollar from the company during his tenure. SEC filings reveal that Schmidt only accepted new Apple products, despite being allowed stock options and a retainer fee. Schmidt instead opted to buy shares at full price in the stock market, more than doubling his money in the process. Schmidt is only paid $1 a year by Google, and no longer accepts stock options. The Federal Trade Commission was planning to launch an investigation into possible collaboration between Apple and Google due to the numerous markets that their products overlap.

Register as a member to subscribe comments.
Guest comment
Taknarosh on August 7, 2009 09:43PM
What next? Are we going to hear that he is one of the wealthiest, most powerful men in the world, is secretly a vigilante who spends his nights beating criminals to a pulp with his bare hands. Eric Schmidt = Batman :P
d3bruts1d on August 8, 2009 04:50AM
lol :)

This news has comment postings disabled because it is now archived.

© 2001-2018 Overclockers Club ® Privacy Policy
Elapsed: 0.3503639698   (xlweb1)