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,
Executive compensation in the United States Former SEC Chairman, William H. Donaldson, called executive compensation "and how it is determined ... One of the great, as-yet-unsolved problems in the country today." One factor that does "not" explain CEO pay growth is CEO productivity growth if the productivity is measured by earnings performance. Measuring average pay of CEOs from 1980 to 2004, Vanguard mutual fund founder John Bogle found it grew almost three times as fast as the corporations the CEOs ran—8.5 percent/year compared to 2.9 percent/year. Whether CEO pay has followed the stock market more closely is disputed. One calculation by one executive compensation consultant (Michael