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
Frank Stanton (executive) Frank Stanton (executive) Frank Nicholas Stanton (March 20, 1908 – December 24, 2006) was an American broadcasting executive who served as the president of CBS between 1946 and 1971 and then as vice chairman until 1973. He also served as the chairman of the Rand Corporation from 1961 until 1967. Stanton was born March 20, 1908, in Muskegon, Michigan, to Helen Josephine Schmidt and Frank Cooper Stanton. He attended Stivers School for the Arts (then called Stivers High School) in Dayton, Ohio. He then attended Ohio Wesleyan University in Delaware, Ohio, receiving a B.A. in 1930. He married his childhood