Eric Schmidt's Compensation From Apple RevealedCategory: General News
Posted: August 7, 2009 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.