Eric Schmidt on its list of the 50 most important people on the Web, along with Google co-founders Page and Brin. Schmidt is one of a few people who became billionaires (in United States dollars) based on stock options received as employees in corporations of which they were neither the founders nor relatives of the founders. 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. On 20 January 2011, Google announced that Schmidt would step down as the CEO of Google but continue as the executive chairman of
Howard Schmidt be stepping down as the White House's CyberSecurity Coordinator at the end of the month, citing a desire to focus on family and pursue teaching in the cyber field. He was replaced by Michael Daniel, chief of the White House budget office's intelligence branch. Schmidt also had an active career in private industry and professional organizations. In 1997, Schmidt joined Microsoft, as the director of information security, chief information security officer (CISO), and chief security officer (CSO). He was the co-founder of the Trustworthy Computing Security Strategies Group. Schmidt served on the Executive Committee of the Information Technology Sector Coordination