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
Kent Ertugrul Kent Ertugrul Kent Ertugrul was Interim Chairman of the Board and Chief Executive Officer (CEO) of Phorm Inc., a Delaware corporation. He resigned from the Phorm Corporation board on 15 July 2015. Ertugrul began his career in investment banking, working at J.P. Morgan, Credit Suisse First Boston and Morgan Stanley in London, helping to develop and distribute Inflation Linked Floating Rate Securities. Later, as Director and Chief Financial Officer, he oversaw the growth of Compass Technology as it became a leading PC-based voice mail company in the US. In 1991, Compass merged with California-based Octel Communications, which in turn was