Big raise or biggest raise ever? I’m sure you could find an example of someone’s pay scale getting bumped up at an even higher rate, but moving from what was once a $1 salary to a $1.25 million salary is quite the impressive leap. With his shift from CEO to executive chairman, Schmidt also stands to earn a $6 million annual bonus.
In case you were still concerned about Eric Schmidt not earning his due amount for the work he has put in, don’t forget the man owns Google stock valued at some $4.8 billion. We doubt he is really strapped for the cash.