Schmidt Family Foundation October 2011. It also supports the $1.5 million Wendy Schmidt Ocean Health X Prize for work on ocean acidification. In March 2013, the Foundation and the Ellen MacArthur Foundation launched the Schmidt-MacArthur Fellowship, a global fellowship program for developing the skills and innovative mindset needed for the circular economy. 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,
Kowloon-Canton Railway Corporation the chairman) and the executives (led by the CEO) to suit its operational needs and the prevailing corporate practices which change over time. This deliberate lack of clarity arguably sowed the seed for a future controversy. Michael Tien, a businessman, was subsequently appointed as the chairman, with the former chairman and chief executive, K Y Yeung, stepping down to become the CEO. It rapidly became publicly evident, however, that there was personal tension between the two, exemplified by Michael Tien's denial that he was a good friend of K Y Yeung when the two briefed the media in 2002 on