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
James Murdoch October 2011 resignation of another Dow Jones executive, Andrew Langhoff, after a company whistleblower revealed an editorial scam and questionable circulation dealings at The Wall Street Journal Europe. In February 2012, News Corp announced that Murdoch would be stepping down as executive chairman of its British newspaper arm. The company said he would remain deputy chief operating officer of News Corp and focus on the company's international TV business, including continued responsibility for BSkyB. He stepped down also from the GlaxoSmithKline board. In April 2012, he stood down as chairman of BSkyB, but remained on the board. He was replaced