Google's Eric Schmidt gets $106 million in bonuses
By James O'Toole @jtotooleFebruary 4, 2014: 6:15 PM ET
NEW YORK (CNNMoney)
Google revealed Tuesday that its former CEO, Eric Schmidt, will receive $106 million in bonuses based on the search giant's 2013 performance.
Google(GOOG)reported last week that its sales hit $16.9 billion in the fourth quarter of 2013 alone, up 17% versus a year prior.
Schmidt served as Google's CEO from 2001 to 2011, and is now executive chairman.
Schmidt is set to receive $100 million in restricted stock that will vest over four years beginning in 2015, and as well as a $6 million cash bonus. It's safe to say he doesn't really need the money -- Forbespegged his net worth at $8.3 billion as of September.