Eric Schmidt home of Blacksburg, Virginia. This came on the heels of Schmidt making a two million dollar donation to Virginia Tech's College of Engineering. Schmidt’s philanthropy is the result of his long standing friendship with Virginia Tech's former president Paul Torgersen. His donation funded the Paul and Dorothea Torgersen Dean’s Chair in Engineering. Eric Schmidt Eric Emerson Schmidt (born April 27, 1955) is an American businessman and software engineer. He is known for being the Executive Chairman of Google from 2001 to 2015 and Alphabet Inc. from 2015 to 2017. In 2017, "Forbes" ranked Schmidt as the 119th-richest person in the
Executive compensation in the United States Dennis Graham) found "an extremely high correlation" between CEO pay and stock market prices between 1973 and 2003, while a more recent study by the liberal Economic Policy Institute found nominal CEO compensation growth (725 percent) "substantially greater than stock market growth" from 1978 to 2011. According to Fortune magazine, the unleashing of pay for professional athletes with free agency in the late 1970s ignited the jealousy of CEOs. As business "became glamorized in the 1980s, CEOs realized that being famous was more fun than being invisible". Appearing "near the top of published CEO pay rankings" became a "badge of