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
Joel Klein Cathie Black, chairman of Hearst Magazines and former president of "USA Today", on January 3, 2011. On July 6, 2011, Rupert Murdoch, chairman of the News Corporation and the company's CEO, announced that Joel Klein would "provide important oversight and guidance" in the internal investigation of phone hacking at "News of the World". Klein took over the investigation, with fellow director Viet D. Dinh, from News International UK Chief Executive, Rebekah Brooks, whose own involvement in the phone hacking scandal made her unable to continue as an impartial investigator. Since joining News Corp, Klein has recruited at least two other