Eric E. Schmidt
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| Eric Schmidt | |
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| Born | April 27, 1955 |
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| Alma mater | Princeton University University of California, Berkeley |
| Occupation | Chairman and CEO of Google Inc Director of Apple Inc. |
| Salary | $1,000,000[1] |
| Net worth | ▼ $4.4 billion USD (2009)[2] |
| Website Google Inc. Profile |
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Eric Emerson Schmidt (born April 27, 1955[3] in Washington, D.C.) is Chairman and CEO of Google Inc. and a member of the Board of Directors of Apple Inc.[4] He also sits on the Board of Trustees for Carnegie Mellon University[5] and Princeton University[6]. He lives in Atherton, California with his wife Wendy.[7]
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[edit] Education
After graduating from Yorktown High School (Virginia),[8] Schmidt attended Princeton University where he earned a BSEE in 1976.[9] At the University of California, Berkeley, he earned an MS in 1979, for designing and implementing a network linking the campus computer center, the CS and the EECS departments,[10][11] and a PhD in 1982 in EECS with a dissertation about the problems of managing distributed software development and tools for solving these problems.[12] He was joint author of lex (a lexical analyzer and an important tool for compiler construction). He taught at Stanford Business School as a part time professor.[13]
[edit] Previous and current work
Early in his career, Schmidt held a series of technical positions with IT companies, including Bell Labs, Zilog and Xerox’s famed Palo Alto Research Center (PARC). He joined Sun Microsystems in 1983, led its Java development efforts and rose to become Chief Technology Officer. In 1997, he was appointed CEO of Novell.
Schmidt left Novell after the acquisition of Cambridge Technology Partners. Google founders Larry Page and Sergey Brin interviewed Schmidt. Impressed by him,[14] they recruited Eric Schmidt to run their company in 2001 under the influence of venture capitalists John Doerr and Michael Moritz.
Schmidt joined Google's board of directors as chairman in March 2001 and became the company's CEO in August 2001. At Google, Schmidt shares responsibility for Google's daily operations with founders Page and Brin. As indicated by page 29 of Google's 2004 S-1 Filing,[15] Schmidt, Page, and Brin run Google as a triumvirate. Schmidt possesses the legal responsibilities typically assigned to the CEO of a public company and focuses on management of the vice presidents and the sales organization.
According to Google's website, Schmidt also focuses on "building the corporate infrastructure needed to maintain Google's rapid growth as a company and on ensuring that quality remains high while product development cycle times are kept to a minimum."[16]
Schmidt is one of the few people who have become billionaires (USD) based on stock options received as an employee in a corporation of which neither he nor a relative was the founder. [17] In its 2006 'World's Richest People' list, Forbes ranked Schmidt as the 129th richest person in the world (the ranking was shared by Onsi Sawiris, Alexei Kuzmichov, and Robert Rowling) with an estimated wealth of $6.2 billion. Schmidt earned a salary of $1 in 2006.[18]
Schmidt was elected to Apple's board of directors on August 28, 2006.
In 2007, Schmidt was cited by PC World as #1 on the list of the 50 Most Important People on the Web, along with Google co-Founders Larry Page and Sergey Brin.[19] He is also on the list of ARTnews 200 top art collectors.[20]
The Schmidt Family Foundation addresses issues of sustainability and the responsible use of natural resources. Wendy Schmidt, working with Hart Howerton, a San Francisco architectural firm that specializes in large-scale land use, has inaugurated several projects on the island of Nantucket that seek to sustain the unique character of the island, and to minimize the impact of seasonal visitation on the island's core community.
Schmidt was an informal advisor to the Barack Obama presidential campaign and began campaigning the week of October 19, 2008, on behalf of the candidate. [21] He has been mentioned as a possible candidate for the new Chief Technology Officer position which Obama has promised to create in his administration. [22] In announcing his endorsement for Obama, Schmidt jokingly said that with his $1.00 salary, he would be getting a tax cut. [23]
While CEO of Google in 2008, Eric E. Schmidt earned a total compensation of $508,764, but with a base salary of just $1.[24]
Eric E. Schmidt was a member of President Obama's transition advisory board. He proposed that the easiest way to solve all of the United States' problems at once, at least in domestic policy, is by a stimulus program that rewards renewable energy and, over time, attempts to replace fossil fuels with renewable energy [25].
[edit] See also
- List of billionaires
- 70/20/10 Model — business model pioneered by Schmidt.[26]
- Clean Energy 2030
- RechargeIT
[edit] References
- ^ Google Inc. Executive Compensation
- ^ [1]
- ^ "Google’s view on the future of business: An interview with CEO Eric Schmidt ". The McKinsey Quarterly. http://www.mckinseyquarterly.com/Googles_view_on_the_future_of_business_An_interview_with_CEO_Eric_Schmidt_2229. Retrieved on 2009-01-26.
- ^ apple.com
- ^ [2]
- ^ princeton.edu
- ^ "Taylor Eigsti, a 15-year-old jazz pianist featured on the August 4 cover of the Almanac, performed for President Clinton Friday night at the Atherton home of Novell CEO Eric Schmidt and his wife Wendy." "LOOSE ENDS"
- ^ McCaffrey, Scott (15 May 2008), "New Inductees Named to Yorktown Hall of Fame", Sun Gazette, http://www.sungazette.net/articles/2008/05/15/arlington/news/nws92a.txt
- ^ Wolff, Josephine (2007-02-06). "University Library joins Google Book Search". The Daily Princetonian. http://www.dailyprincetonian.com/archives/2007/02/06/news/17198.shtml. Retrieved on 2008-05-28.
- ^ Eric, Schmidt (PDF), The Berkeley Network - A Retrospective, http://www.krsaborio.net/research/acrobat/1980s/8002_bsd.pdf
- ^ Eric, Schmidt, An Introduction to the Berkeley Network, http://scholar.google.com/scholar?hl=en&q=an.introduction.to.the.berkeley.network%20schmidt&um=1&ie=UTF-8&sa=N&tab=ws
- ^ Schmidt, E. E. (1982). Controlling large software development in a distributed environment. U.C. Berkeley EECS Technical Reports. http://md1.csa.com/partners/viewrecord.php?requester=gs&collection=TRD&recid=0788297CI&q=&uid=792371362&setcookie=yes.
- ^ "Stanford". Stanford Graduate School of Business. http://www.gsb.stanford.edu/NEWS/headlines/duffie_schmidt.shtml. Retrieved on 2009-01-26.
- ^ "CEO Eric Schmidt stood out because he "was the only candidate who had been to Burning Man."" From "Markoff and Zachary on Google"; being quoted in the quote are John Markoff and Gregg Zachary. See also Business Week's "Eric Schmidt, Google" from 29 September, 2003: "One of the first orders of business was joining his new 20-something colleagues at Burning Man, a free-form festival of artistic self-expression held in a Nevada desert lake bed. Sitting in his office shortly after his return, tanned and slightly weary, Schmidt couldn't have been happier. "They're keeping me young," he declared."
- ^ "Amendment No. 9 to Form S-1 Registration Statement Under The Securities Act of 1933". United States Securities and Exchange Commission. 2004-08-18. http://www.sec.gov/Archives/edgar/data/1288776/000119312504142742/ds1a.htm.
- ^ "Google Management: Dr. Eric Schmidt, Chairman of the Executive Committee and Chief Executive Officer". Google Inc.. http://www.google.com/corporate/execs.html#eric. Retrieved on 2006-12-01.
- ^ "Earlier this year, he pulled in almost $90 million from sales of Google stock and made at least another $50 million selling shares in the past two months as the stock leaped to more than $300 a share." Mills, Elinor (August 3 2005). "Google balances privacy, reach" (in English) (HTML). CNET. Archived from the original on 2005. http://web.archive.org/web/20050815014210sh_re_/news.com.com/2102-1032_3-5787483.html. Retrieved on 2006-11-15.
- ^ "Eric Schmidt, Larry Page and Sergey Brin agree to a $1 salary according to company's latest proxy". http://money.cnn.com/2005/04/08/technology/google_salary/index.htm. Retrieved on 2008-02-03.
- ^ Null, Christopher. "The 50 Most Important People on the Web." PC World. March 5, 2007. Retrieved on March 5, 2007.
- ^ ARTnews, The ARTnews 200 Top Collectors, 2007 [3]
- ^ Langley, Monica; Jessica E. Vascellaro (October 20, 208). "Google CEO Backs Obama". http://online.wsj.com/article/SB122446734650049199.html. Retrieved on 2008-10-20.
- ^ Godinez, Victor (October 20, 208). "Google CEO Eric Schmidt reportedly angling for job in Obama administration as national Chief Technology Officer". http://techblog.dallasnews.com/archives/2008/10/google-ceo-eric-schmidt-report.html. Retrieved on 2008-10-24.
- ^ http://valleywag.com/5076431/with-my-1-salary-ill-be-getting-a-tax-cut
- ^ 2008 CEO Compensation for Eric E. Schmidt Ph.D., Equilar.com
- ^ http://www.calcars.org/calcars-news/1022.html
- ^ The 70 Percent Solution - December 1, 2005
[edit] External links
- YouTube: Eric Schmidt at the Seoul Digital Forum. (2007.06.05) Video
- iTunes: Google making of a modern company. Video
- CNET: Google balances privacy, reach (July 14, 2005), which uses Schmidt as an example of the personal information held by Google.
- AlwaysOn: Interview (April 22, 2003), in which he discusses the future of computing, and mankind
- Eric Schmidt in discussion with Esther Dyson on BT Big Thinkers (September 25, 2006), where he talks about how he is carefully managing Google through many challenges
- Eric Schmidt and Larry Page speaking at Stanford (May 1, 2002)
- Google CEO Dr. Eric Schmidt Joins Apple's Board of Directors Press release by Apple Inc.
- Princeton University Board of Trustees
- Eric Schmidt interview by iinnovate
- Eric Schmidt talks about innovation on Executive Talks
- Schmidt appointed Novell CEO
- Eric Schmidt speaks as part of NASA 50 years Lecture Series
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