Eric Schmidt in August 2001. At Google, Schmidt shared responsibility for Google's daily operations with founders Page and Brin. Prior to the Google initial public offering, Schmidt had responsibilities typically assigned to the CEO of a public company and focused on the management of the vice presidents and the sales organization. According to Google, Schmidt's job responsibilities included "building the corporate infrastructure needed to maintain Google's rapid growth as a company and on ensuring that quality remains high while the product development cycle times are kept to a minimum." Upon being hired at Google, Eric Schmidt was paid a salary of $250,000
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