Eric Schmidt in August 2001. At Google, Schmidt shared responsibility for Google's daily operations with founders Page and Brin. Prior to the Google initial public offering, Schmidt had responsibilities typically assigned to the CEO of a public company and focused on the management of the vice presidents and the sales organization. According to Google, Schmidt's job responsibilities included "building the corporate infrastructure needed to maintain Google's rapid growth as a company and on ensuring that quality remains high while the product development cycle times are kept to a minimum." Upon being hired at Google, Eric Schmidt was paid a salary of $250,000
Jeff Jacobson (CEO) into effect, and Jacobson would stay on as CEO. On May 13, 2018, Xerox announced that Jacobson would indeed be stepping down to be replaced by John Visentin. Jacobson also gave up a severance package worth up to $18M, by resigning voluntarily, in exchange for immunity from civil lawsuits over the failed Fujifilm deal. Jacobson graduated from the State University of New York Buffalo. He also has a master's degree in Industrial Relations from the Cornell University School of Industrial Relations. Jacobson also gained a juris doctor degree from Pace University School of Law and was admitted to the bar