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Apple[edit]
Schmidt was elected toApple Inc.'s board of directors on August
28, 2006.[36]On August 3,
2009, it was announced that Schmidt would resign from the board
of directors at Apple due to
conflicts of interest amid the growing competition between
Google and Apple.
Other ventures[edit]
Schmidt sat on the boards of trustees for bothCarnegie Mellon
UniversityandPrinceton
University.[37][38][39]He taught atStanford Graduate School of
Businessin the
2000s.[40][41]Schmidt serves on the board of theKhan
Academy.[42][43]
TheNew America Foundationis a non-profit public-policy institute
and think tank, founded in
1999. Schmidt succeeded founding chairmanJames Fallowsin
2008.[44]
Founded in 2010 by Schmidt and Dror Berman, Innovation Endeavors
is an early-stage venture
capital. The fund, based inPalo Alto, California, invested
companies such asMashape,Uber
(company),Quixey,Gogobot, andBillGuard.[citation needed]
[45][46]
President Barack Obama[edit]
Schmidt was a campaign advisor and major donor toBarack Obamaand
served on
Googlesgovernment relationsteam. Obama considered him
forCommerce
Secretary.[47]Schmidt was an informal advisor to theObama
presidential campaignand began
campaigning the week of October 19, 2008, on behalf of the
candidate.[48]He was mentioned as
a possible candidate for the chief technology officer position,
which Obama created in his
administration.[49]After Obama won in 2008, Schmidt became a
member ofPresident Obama's
transition advisory board. He proposed that the easiest way to
solve all of the problems of the
United States at once, at least in domestic policies, is by a
stimulus program thatrewardsrenewable energyand, over time,
attempts to replacefossil fuelswith renewable
energy.[50]He has since become a new member of the President's
Council of Advisors on
Science and TechnologyPCAST.[51]
Compensation[edit]
Upon being hired at Google, Eric Schmidt was paid a salary of
$250,000 and an annual
performance bonus. He was granted 14,331,703 shares of Class B
common stock at $.30 cents
per share and 426,892 shares of Series C preferred stock at
purchase price of $2.34.[52]
Schmidt and the Google founders agreed to a basesalary of US
$1in 2004 (which continuedthrough 2010) with other compensation of
$557,465 in 2006,[53]$508,763 in 2008, and $243,661
in 2009. He did not receive any additional stock or options in
2009 or 2010.[54][55]Most of his
compensation was for "personal security" and charters of private
aircraft.[55]
Schmidt is one of a few people who became billionaires (inUnited
States dollars) based on
stock options received as employees in corporations of which
they were neither the founders
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ric_Schmidt#cite_note-apple-37http://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-apple-37http://en.wikipedia.org/wiki/Princeton_Universityhttp://en.wikipedia.org/wiki/Princeton_Universityhttp://en.wikipedia.org/wiki/Carnegie_Mellon_Universityhttp://en.wikipedia.org/w/index.php?title=Eric_Schmidt&action=edit§ion=7&editintro=Template:BLP_editintrohttp://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-36http://en.wikipedia.org/wiki/Apple_Inc.http://en.wikipedia.org/w/index.php?title=Eric_Schmidt&action=edit§ion=6&editintro=Template:BLP_editintro
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nor relatives of the founders.[56]In its 2011 'World's
Billionaires' list,Forbesranked Schmidt as
the 136th-richest person in the world, with an estimated wealth
of $7 billion.[2]Google gave him
a $100 million equity award in 2011 when he stepped down as
CEO.[57]
According to insider transaction data available atYahoo!
Finance, Schmidt sold Google stock
worth more than $6 billion from January to May 2013.[58]
Privacy[edit]
Publicly Schmidt stated that, as paraphrased byCNN/Money, "there
has to be a trade-off
between privacy concerns and functionality."[59]His explanations
referenced "Don't Be Evil".[59]
During an interview aired on December 3, 2009, on the CNBC
documentary "Inside the Mind of
Google," Schmidt was asked, "People are treating Google like
their most trusted friend. Should
they be?" He replied: "I think judgment matters. If you have
something that you dont want
anyone to know, maybe you shouldnt be doing it in the first
place. But if you really need that
kind of privacy, the reality is that search engines, including
Google, do retain this information forsome time. And its important,
for example, that we are all subjec t in the United States to
thePatriot Act. It is possible that information could be made
available to the authorities."[60][61]
At theTechonomyconference on August 4, 2010, Schmidt expressed
that technology is good.
And he said that the only way to manage the challenges is "much
greater transparency and no
anonymity." Schmidt also stated that in an era of asymmetric
threats, "true anonymity is too
dangerous."[62]However, at the 2013Hay Festival, Schmidt
expressed concern that sharing of
personal information was too rampant and could have a negative
effect, particularly on
teenagers, stating that "we have never had a generation with a
full photographic, digital record
of what they did" and that "here are situations in life that its
better that they dont exist." [63]
In 2013 Schmidt stated that the government surveillance in the
United States was the "nature of
our society" and that he was not going to "pass judgment on
that".[64]
In 2005GoogleblacklistedCNETreporters from talking to Google
employees for one year, until
July 2006, after CNET published personal information on Schmidt,
including his politician
donations, hobbies, salary, and neighborhood, that had been
obtained through Google
searches.[59]
Network neutrality[edit]
In August 2010, Schmidt clarified his company's views onnetwork
neutrality: "I want to be clear
what we mean by Net neutrality: What we mean is if you have one
data type like video, you
don't discriminate against one person's video in favor of
another. But it's okay to discriminate
across different types. So you could prioritize voice over
video. And there is general agreement
withVerizonand Google on that issue."[65]
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The Schmidt Family Foundation[edit]
The Schmidt Family Foundation was established in 2006 by Schmidt
and his wife Wendy to
address issues of sustainability and the responsible use of
natural resources.[66]The Schmidts,
working with Heart Howerton, a San Francisco architectural firm
that specializes in large-scale
land use, have inaugurated several projects on the island
ofNantucketthat seek to sustain the
unique character of the island and to minimize the impact of
seasonal visitation on the island's
core community. Ms. Schmidt offered the prize purse of theWendy
Schmidt Oil Cleanup X
CHALLENGE, a challengeawardfor the efficient capturing ofcrude
oilfromseawatermotivated
by theDeepwater Horizon oil spill.[67
http://en.wikipedia.org/w/index.php?title=Eric_Schmidt&action=edit§ion=12&editintro=Template:BLP_editintrohttp://en.wikipedia.org/w/index.php?title=Eric_Schmidt&action=edit§ion=12&editintro=Template:BLP_editintrohttp://en.wikipedia.org/w/index.php?title=Eric_Schmidt&action=edit§ion=12&editintro=Template:BLP_editintrohttp://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-Schmidt_Family_Foundation-66http://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-Schmidt_Family_Foundation-66http://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-Schmidt_Family_Foundation-66http://en.wikipedia.org/wiki/Nantuckethttp://en.wikipedia.org/wiki/Nantuckethttp://en.wikipedia.org/wiki/Nantuckethttp://en.wikipedia.org/wiki/Wendy_Schmidt_Oil_Cleanup_X_CHALLENGEhttp://en.wikipedia.org/wiki/Wendy_Schmidt_Oil_Cleanup_X_CHALLENGEhttp://en.wikipedia.org/wiki/Wendy_Schmidt_Oil_Cleanup_X_CHALLENGEhttp://en.wikipedia.org/wiki/Wendy_Schmidt_Oil_Cleanup_X_CHALLENGEhttp://en.wikipedia.org/wiki/Awardhttp://en.wikipedia.org/wiki/Awardhttp://en.wikipedia.org/wiki/Awardhttp://en.wikipedia.org/wiki/Crude_oilhttp://en.wikipedia.org/wiki/Crude_oilhttp://en.wikipedia.org/wiki/Crude_oilhttp://en.wikipedia.org/wiki/Seawaterhttp://en.wikipedia.org/wiki/Seawaterhttp://en.wikipedia.org/wiki/Seawaterhttp://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spillhttp://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spillhttp://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spillhttp://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-xprize-67http://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-xprize-67http://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-xprize-67http://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spillhttp://en.wikipedia.org/wiki/Seawaterhttp://en.wikipedia.org/wiki/Crude_oilhttp://en.wikipedia.org/wiki/Awardhttp://en.wikipedia.org/wiki/Wendy_Schmidt_Oil_Cleanup_X_CHALLENGEhttp://en.wikipedia.org/wiki/Wendy_Schmidt_Oil_Cleanup_X_CHALLENGEhttp://en.wikipedia.org/wiki/Nantuckethttp://en.wikipedia.org/wiki/Eric_Schmidt#cite_note-Schmidt_Family_Foundation-66http://en.wikipedia.org/w/index.php?title=Eric_Schmidt&action=edit§ion=12&editintro=Template:BLP_editintro
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