Dr. Eric Emerson Schmidt (born 1955) is Chairman and CEO of Google Inc.
From 1997 to 2001, Schmidt was CEO of Novell. He left Novell after its acquisition of Cambridge Technology Partners. Google founders Larry Page and Sergey Brin 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 day-to-day operations with founders Page and Brin. As indicated by page 29 of Google's S-1 Filing, Schmidt, Page, and Brin run Google as a triumvirate. Schmidt does possess the legal responsibilities that are typically assigned to the CEO of a public company, and focuses on management of the vice presidents and the sales organization.
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 ever to become a billionaire (in U.S. dollars) based on stock options received as an employee in a corporation of which neither he nor a relative was the founder (Steven Ballmer, CEO of Microsoft is the first to accomplish this). In its 2006 "World's Richest People" ranking, Forbes magazine ranked Schmidt as the 129th richest person (ranking shared with three other people) in the world, with an estimated wealth of $4.8 billion.
1955 births | Living people | American chief executives | Forbes 400 | Forbes World's Richest People | Google employees | Electrical engineers
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