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
Jeff Jacobson (CEO) into effect, and Jacobson would stay on as CEO. On May 13, 2018, Xerox announced that Jacobson would indeed be stepping down to be replaced by John Visentin. Jacobson also gave up a severance package worth up to $18M, by resigning voluntarily, in exchange for immunity from civil lawsuits over the failed Fujifilm deal. Jacobson graduated from the State University of New York Buffalo. He also has a master's degree in Industrial Relations from the Cornell University School of Industrial Relations. Jacobson also gained a juris doctor degree from Pace University School of Law and was admitted to the bar