Jump to content

Eric Schmidt

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 75.59.226.225 (talk) at 18:32, 26 August 2011 (→External links: wsj). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

This article is about the executive. For other uses, see Eric Schmidt (disambiguation).
Eric Schmidt
Eric Schmidt at the 37th G8 summit in 2011.
Born (1955-04-27) April 27, 1955 (age 69)
Washington, D.C., United States
Alma materPrinceton University (B.S. 1976)
University of California, Berkeley (M.S. in 1979 and PhD in 1982)
OccupationExecutive Chairman of Google
WebsiteGoogle Inc. Profile

Eric Emerson Schmidt (born April 27, 1955)[3] is an American engineer, executive chairman of Google and former member of the board of directors of Apple Inc.[4] From 2001–2011, he served as chief executive of Google. He is a co-author of the lex lexical analyzer software for Unix. He has also sat on the boards of trustees for Carnegie Mellon University[5] and Princeton University.[6]

Biography

Schmidt was born in Washington, D.C. and grew up in Blacksburg, Virginia. After graduating from Yorktown High School,[7] Schmidt attended Princeton University where he earned a B.S. in Electrical Engineering in 1976.[8] 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,[9] and a PhD in 1982 in EECS with a dissertation about the problems of managing distributed software development and tools for solving these problems.[10] 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.[11]

Schmidt lives in Atherton, California, with his wife Wendy.[12]

He is also on the list of ARTnews 200 top art collectors.[13]

He is also a member of the Bilderberg Group and attended the Swiss 2011 Bilderberg conference in St. Moritz, Switzerland.[14][15]

The Eric Schmidt Family Foundation

The Eric Schmidt Family Foundation addresses issues of sustainability and the responsible use of natural resources. Wendy and Eric Schmidt, working with Heart Howerton, a San Francisco architectural firm that specializes in large-scale land use, have 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. Wendy Schmidt offered the prize purse of the Wendy Schmidt Oil Cleanup X CHALLENGE, a challenge award for efficient capturing of crude oil from seawater motivated by the Deepwater Horizon oil spill.[16]

Career

Early career

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).

From Sun to Google

Schmidt joined Sun Microsystems in 1983 as its first software manager. He rose to become director of software engineering, vice president and general manager of the software products division, vice president of the general systems group, and president of Sun Technology Enterprises.[17] In April 1997, he became CEO and chairman of the board of Novell.

Schmidt left Novell after the acquisition of Cambridge Technology Partners. Google founders Larry Page and Sergey Brin interviewed Schmidt. Impressed by him,[18] they recruited Schmidt to run their company in 2001 under the guidance of venture capitalists John Doerr and Michael Moritz.

Google

Schmidt joined Google's board of directors as chairman in March 2001 and became the company's CEO in August 2001. At Google, Schmidt shared responsibility for Google's daily operations with founders Page and Brin. As indicated by page 29 of Google's 2004 S-1 Filing[19] Schmidt, Page, and Brin ran Google as a triumvirate. Schmidt had legal responsibilities typically assigned to the CEO of a public company and focused 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."[20]

In 2007, PC World ranked Schmidt as the first on the list of the 50 most important people on the web, along with Google co-Founders Larry Page and Sergey Brin.[21]

In 2009, Schmidt was considered one of the "TopGun CEOs" by Brendan Wood International, an advisory agency.[22][23]

On January 20, 2011, Google announced that Schmidt would step down as CEO of Google, but continue as the executive chairman of the company, and act as an adviser to co-founders Page and Brin. Page replaced Schmidt as CEO on April 4, 2011. [24]

The 2011 book In the Plex: How Google Thinks, Works, and Shapes Our Lives by Steven Levy claims that in 2001, Schmidt requested that a political donation he made be removed from Google search results. The request was not fulfilled. Schmidt has denied this ever occurred.[25]

Apple

Schmidt was elected to Apple's board of directors on August 28, 2006.[26] On August 3, 2009, it was announced that Schmidt would resign from the board of directors at Apple due to conflict of interests amid the growing competition between Google and Apple.[4]

President Barack Obama

Schmidt "was a campaign advisor and major donor to Barack Obama, and when he announced he was leaving that perch, he planned to remain 'at the forefront of Google’s government relations team.' And Obama even has considered him for Commerce Secretary."[27] Schmidt was an informal advisor to the Obama presidential campaign and began campaigning the week of October 19, 2008, on behalf of the candidate.[28] He had been mentioned as a possible candidate for the chief technology officer position which Obama created in his administration.[29] After Obama won, Schmidt was a member of President 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 the domestic policy, is by a stimulus program that rewards renewable energy and, over time, attempts to replace fossil fuels with renewable energy.[30] He has since become a new member of the President's Council of Advisors on Science and Technology PCAST.[31]

New America Foundation

The New America Foundation is a non-profit public policy institute and think tank, founded in 1999. Schmidt is the current chairman of the board of directors. He succeeded founding chairman James Fallows in 2008.[32]

Compensation

Upon being hired, 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.[33]

Schmidt and the Google founders agreed to a base salary of $1 in 2004 (which continued through 2010), with other compensation of $557,465 in 2006,[1] $508,763 in 2008 and $243,661 in 2009. He did not receive any additional stock, or options in 2009 or 2010.[34][35] Most of his compensation was for "personal security" and charters of private aircraft.[35] Schmidt is one of the few people who became billionaires (in United States dollars) based on stock options received as an employee in a corporation of which he was neither the founder nor a relative of the founder.[36] In its 2011 'World's Billionaires' list, Forbes ranked Schmidt as the 136th richest person in the world, with an estimated wealth of $7 billion.[2] Google gave him $100 million in 2011 as a parting gift.[37][38]

Views

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?" His reply was: "I think judgment matters. If you have something that you don’t want anyone to know, maybe you shouldn’t 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 for some time, and it’s important to remember, for example, that we are all subject in the United States to the Patriot Act. It is possible that that information could be made available to the authorities." [39][40] At the Techonomy conference on August 4, 2010, Schmidt expressed that technology is good, but 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." [41]

In August 2010, Schmidt clarified his company's views on network 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 with Verizon and Google on that issue."[42]

Proposition 8

In 2008, Schmidt was part of a group of Silicon Valley leaders who supported the defeat of Proposition 8 in California.[43]

See also

References

  1. ^ a b "Google Inc. Definitive Proxy Statement". Schedule 14A. United States Securities and Exchange Commission. April 6, 2007. Retrieved June 15, 2011.
  2. ^ a b "Eric Schmidt". Forbes. March 9, 2011. Retrieved May 1, 2011.
  3. ^ Schmidt_2229 "Google's view on the future of business: An interview with CEO Eric Eric Schmidt ". The McKinsey Quarterly. Retrieved 2009-01-26. {{cite web}}: Check |url= value (help)
  4. ^ a b "Dr. Eric Schmidt Resigns from Apple's Board of Directors". Apple Inc. August 3, 2009. Retrieved June 15, 2011. {{cite news}}: Unknown parameter |press= ignored (help)
  5. ^ "April 13: Google Chairman, CEO Eric Eric Schmidt To Give Keynote Address at Carnegie Mellon Commencement, May 17 – Carnegie Mellon University". Cmu.edu. Retrieved 2010-03-21.
  6. ^ princeton.edu
  7. ^ McCaffrey, Scott (15 May 2008). "New Inductees Named to Yorktown Hall of Fame". Sun Gazette.
  8. ^ Wolff, Josephine (2007-02-06). "University Library joins Google Book Search". The Daily Princetonian. Retrieved 2008-05-28.
  9. ^ Eric Schmidt (1979). "The Berkeley Network – A Retrospective" (PDF). Computer Science Division, Department of Electrical Engineering and Computer Science, University of California, Berkeley. Retrieved June 14, 2011.
  10. ^ Eric Schmidt, E. E. (1982). "Controlling large software development in a distributed environment". U.C. Berkeley EECS Technical Reports. {{cite journal}}: Cite journal requires |journal= (help); More than one of |author= and |last= specified (help)
  11. ^ Schmidt.shtml "Stanford". Stanford Graduate School of Business. Retrieved 2009-01-26. {{cite web}}: Check |url= value (help) [dead link]
  12. ^ "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 Eric Schmidt and his wife Wendy"."LOOSE ENDS"
  13. ^ ARTnews, The ARTnews 200 Top Collectors, 2007
  14. ^ Skelton, Charlie, "Bilderberg 2011: The tipping point", The Guardian (UK), Thursday 16 June 2011
  15. ^ "Bilderberg 2011 list of participants". BilderbergMeetings.org. Retrieved August 24, 2011.
  16. ^ Schmidt-oil-cleanup-x-challenge "X PRIZE Foundation Announces Wendy Eric Schmidt Oil Cleanup X CHALLENGE". Retrieved 2010-09-15. {{cite web}}: Check |url= value (help)
  17. ^ "Dr. Eric Schmidt Appointed Chairman of the Board and Chief Executive Officer of Novell, Inc". News release. Sun Microsystems. March 18, 1998. Archived from the original on May 22, 2008. Retrieved June 14, 2011. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  18. ^ "CEO Eric Eric Schmidt stood out because he 'was the only candidate who had been to Burning Man.'" From "Markoff and Zachary on Google"; quoted are John Markoff and Gregg Zachary. See also Business Week's "Eric 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, Eric Schmidt couldn't have been happier. "They're keeping me young," he declared."
  19. ^ "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)
  20. ^ "Google Management: Eric Schmidt, Executive". Google Inc. Retrieved June 14, 2011.
  21. ^ Null, Christopher. "The 50 Most Important People on the Web". PC World. March 5, 2007. Retrieved on March 5, 2007.
  22. ^ The Market's Best Managers – Forbes.com, Forbes.com
  23. ^ Brendan Wood International Announces 24 TopGun CEOs in the US, Reuters.com
  24. ^ "Larry Page is officially Google CEO again". Silicon Valley / San Jose Business. April 4, 2011. Retrieved June 14, 2011.
  25. ^ Foley, Stephen; Rawlinson, Kevin (2011-04-02). "Google chief 'tried to bury his donations'". The Independent. London.
  26. ^ "Google CEO Dr. Eric Schmidt Joins Apple's Board of Directors". Press release. Apple Inc. August 29, 2006. Retrieved June 15, 2011.
  27. ^ Carney, Timothy (2011-04-02) Google not proud of its politicking, Washington Examiner
  28. ^ Langley, Monica (October 20, 208). "Google CEO Backs Obama". The Wall Street Journal. Retrieved 2008-10-20. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
  29. ^ Mary Anne Ostrom (October 21, 2008). "Google CEO Eric Schmidt to stump for Obama". San Jose Mercury News. Retrieved June 15, 2011.
  30. ^ "Gore/Alliance for Climate Protection: All-In for Plug-Ins". Calcars.org. Retrieved 2010-03-21.
  31. ^ Membership list of PCAST
  32. ^ New America Foundation, Board of Directors, accessed 11 May 2010]
  33. ^ Ken Auletta (2011). Googled: The End of the World as We Know It. Virgin Books. ISBN 9780753522431.
  34. ^ "Google Inc. Definitive Proxy Statement". Schedule 14A. United States Securities and Exchange Commission. March 29, 2010. Retrieved June 14, 2011.
  35. ^ a b "Google Inc. Definitive Proxy Statement". Schedule 14A. United States Securities and Exchange Commission. April 20, 2011. Retrieved June 15, 2011.
  36. ^ "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". CNET. Archived from the original on 2005. Retrieved 2006-11-15. {{cite web}}: Check date values in: |date= and |archivedate= (help)
  37. ^ Baldwin, Clare (2011-01-23). "Google to give outgoing CEO Schmidt $100 million". Reuters.
  38. ^ Efrati, Amir (2011-01-23). "Google Gives $100 Million Award to Outgoing CEO". The Wall Street Journal.
  39. ^ "Google CEO Eric Eric Schmidt on privacy". YouTube. 2009-12-08. Retrieved 2010-03-21.
  40. ^ "Media – Facebook must be weary of changing the rules". Ft.com. 2009-12-11. Retrieved 2010-03-21.
  41. ^ "Google's Eric Schmidt: Society not ready for technology". CNET. August 4, 2010. Retrieved 2010-08-07.
  42. ^ Goldman, David (August 5, 2010). "Why Google and Verizon's Net neutrality deal affects you". CNNMoney. CNN. Retrieved 2010-08-06.
  43. ^ "Silicon Valley Leaders Oppose Gay-Marriage Ban", Miguel Heft. New York Times. October 30, 2008. Accessed June 14, 2011
  44. ^ John Battelle (December 1, 2005). "The 70 Percent Solution: Google CEO Eric Schmidt gives us his golden rules for managing innovation". CNN Money magazine. Retrieved August 12, 2011.
Wikimedia Commons has media related to Eric E. Schmidt.
Speeches
Articles
Business positions
Preceded by Google CEO
2001–2011 		Succeeded by

Template:Persondata

Retrieved from "https://en.wikipedia.org/w/index.php?title=Eric_Schmidt&oldid=446859973"