Schmidt Family Foundation Schmidt Family Foundation The Schmidt Family Foundation is a private foundation created in 2006 by Eric Schmidt, the Executive Chairman of Google, and his wife Wendy Schmidt, to address issues pertaining to sustainability and the responsible use of natural resources. The foundation was established in 2006 by Eric and Wendy Schmidt, with assets valued at $82 million. As of December 31, 2011, the foundation’s assets were valued at $178 million, which included $30.7 million in Google Class A stock. The foundation is focused on the application of new knowledge and innovation and advancement original research in science, energy, and biosphere
Executive compensation in the United States and Exchange Commission. Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 percent/year compared to corporate profit growth of 2.9 percent/year and per capita income growth of 3.1 percent. By 2006 CEOs made 400 times more than average workers—a gap 20 times bigger than it was in 1965. As a general rule, the larger the corporation the larger the CEO compensation package. The share of corporate income devoted to compensating the five highest-paid