Google gives Eric Schmidt 124,999,900% salary increase


  Phew, talk about a Salary hike, from $1 to $1.25 Million a year, that too by getting Demoted! Yes, Eric Schmidt stepped down as CEO of Google and became the company's executive chairman earlier this month. $1 per year is a popular figure for CEO's, but by stepping down, he has got a humongous hike to $1.25million a year plus a bonus of 400 per cent of that salary.
  Schmidt already received very generous compensation for stepping down as CEO: $100 million in stock and stock options. Additionally, he announced in January he will be selling 534,000 Google shares in the next year, which at the current price of Google’s stock, would net him about $280 million.
  The new salary, and even Google’s generous compensation, won’t reflect much on Schmidt’s day-to-day spending habits, however. According to Forbes, all of this is pocket change for Schmidt whose net worth is $6.3 billion!

Wish I had atleast 1percent of anything he owned!