Eric Schmidt the company and act as an adviser to co-founders Page and Brin. Google gave him a $100 million equity award in 2011 when he stepped down as CEO. On 4 April 2011, Page replaced Schmidt as the CEO. On December 21, 2017, Schmidt announced he would be stepping down as the executive chairman of Alphabet. While working at Google, Schmidt was involved in activities that later became the subject of the High-Tech Employee Antitrust Litigation case that resulted in a settlement of $415 million paid by Adobe, Apple, Google and Intel to employees. In one incident, after receiving a complaint
Guido Schmidt-Chiari received his PhD in law from the University of Vienna. In 1957 Guido Schmidt-Chiari worked for the Belgian-American Banking Corporation in New York City. In 1958 he began work at Creditanstalt in Vienna, in 1971 he was appointed to the Executive Board and further promoted to CEO in 1988. After the Fall of the Iron Curtain Schmidt-Chiari initiated the expansion of Creditanstalt into Central European countries. Following the acquisition of Creditanstalt by Bank Austria Schmidt-Chiari resigned in 1997. Under the direction of Guido Schmidt-Chiari, the Creditanstalt Group grew manifold and saw net profit after tax grow from 1.2 billion ATS