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
Oliver Schmidt (engineer) Detroit judge found Schmidt guilty and sentenced him to seven years in prison and fined him $400,000. Oliver Schmidt (engineer) Oliver Schmidt (born 1969) is an engineer and former Volkswagen AG executive, who in 2017 was sentenced to seven years of prison due to his involvement in the Volkswagen emissions scandal. After studying mechanical engineering in Hannover, Schmidt was employed by Volkswagen AG in Wolfsburg. At the age of 35 Schmidt was transferred to the USA, where he from 2012 oversaw VW's emissions office in Michigan. In January 2017 while returning to Germany from a vacation Schmidt was arrested in