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
Guido Schmidt-Chiari received his PhD in law from the University of Vienna. In 1957 Guido Schmidt-Chiari worked for the Belgian-American Banking Corporation in New York City. In 1958 he began work at Creditanstalt in Vienna, in 1971 he was appointed to the Executive Board and further promoted to CEO in 1988. After the Fall of the Iron Curtain Schmidt-Chiari initiated the expansion of Creditanstalt into Central European countries. Following the acquisition of Creditanstalt by Bank Austria Schmidt-Chiari resigned in 1997. Under the direction of Guido Schmidt-Chiari, the Creditanstalt Group grew manifold and saw net profit after tax grow from 1.2 billion ATS