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Eric Schmidt
Born	April 27, 1955
Occupation(s)	Chief Executive Officer of Google Inc Board of Directors of Apple Inc.
Website	Google Inc. Profile

Eric Emerson Schmidt, Ph.D (born April 27, 1955 in Washington, D.C.) is Chairman and CEO of Google Inc and a member of the Board of Directors of Apple Inc. He also sits on the Princeton University Board of Trustees. He lives in Atherton, California with his wife Wendy.

Education

Dr Schmidt obtained a bachelor of science degree in electrical engineering from Princeton University and an MS in 1979 and a PhD in 1982 in EECS from the University of California, Berkeley. He was joint author of lex, a lexical parser and an important tool for compiler construction.

Business

Schmidt was a member of the research staff at the Computer Science Lab at Xerox Palo Alto Research Center (PARC) and held positions at Bell Laboratories and Zilog. In 1983, Schmidt joined Sun Microsystems as software manager. At Sun he led the development of Java, Sun's platform-independent programming technology, and defined Sun's Internet software strategy. He later became chief technology officer and corporate executive officer.

From 1997 to 2001, Schmidt was CEO of Novell. He left Novell after the acquisition of Cambridge Technology Partners. Google founders Larry Page and Sergey Brin with the assistance of executive search firm Heidrick & Struggles, Inc., recruited Eric Schmidt to run their company in 2001 under pressure from 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, 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."

Schmidt is one of the first people to become a billionaire (USD) based on stock options received as an employee in a corporation of which neither he nor a relative was the founder (Microsoft CEO Steven Ballmer was the first to accomplish this), in part because of large sales of Google stock such as sales of over $140 million in 2005. In its 2006 'World's Richest People' list, Forbes ranked Schmidt as the 129th richest person in the world (the ranking was shared by three other people) with an estimated wealth of $4.8265 billion.

Schmidt was selected to Apple's board of directors on August 28, 2006.

In 2007, he 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.

Interesting Google and Eric Schmidt facts

• Schmidt has visited Burning Man.
• He is a hobbyist aviator.
• "Google Chairman and Chief Executive Officer Eric Schmidt was by far the biggest benefactor, giving $100,000 to the Democratic National Committee in 2000, $25,000 to the Democratic Congressional Campaign Committee in 2004, as well as maximum $2,000 contributions to 2004 Democratic presidential candidates Sens. John Kerry and Joe Lieberman, Gov. Howard Dean and Rep. Richard Gephardt."
• Earned a salary of $1 in 2006 with a holiday bonus of $1,723.

See also

• Google Inc.
• List of billionaires
• 70/20/10 Model — business model pioneered by Schmidt.

References

1. apple.com
2. princeton.edu
3. "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"
4. "Amendment No. 9 to Form S-1 Registration Statement Under The [[Securities Act of 1933]]". United States Securities and Exchange Commission. 2004-08-18. {{cite web}}: URL–wikilink conflict (help)
5. "Google Management: Dr. Eric Schmidt, Chairman of the Executive Committee and Chief Executive Officer". Google Inc. Retrieved 2006-12-01.
6. "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." Elinor (2005)
7. Null, Christopher. "The 50 Most Important People on the Web." PC World. March 5, 2007. Retrieved on March 5, 2007.
8. "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."
9. "Schmidt is an avid pilot and political junkie who never tires of debating the great issues of our day and the relative merits of small plane jet propulsion systems." from "Unwinnable Wars: Personal Perspectives on Technology Leadership"
10. ""Google's 'evil' agenda exposed in new book"
11. "Eric Schmidt, Larry Page and Sergey Brin agree to a $1 salary according to company's latest proxy." from

Mills, Elinor (Wed Aug 03 05:20:30 PDT 2005). "Google balances privacy, reach". CNET. Archived from the original (HTML) on 2005. Retrieved 2006-11-15. {{cite web}}: Check date values in: |date= and |archivedate= (help); Unknown parameter |month= ignored (help)CS1 maint: date and year (link)

External links

• 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
• 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

• 1955 births
• Living people
• American chief executives
• Google employees
• Electrical engineers
• University of California, Berkeley alumni
• Princeton University alumni