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
Tom Coughlin (Walmart executive) January 2001, Coughlin was elected to the board of directors for ChoicePoint, a publicly traded data aggregation firm. That same year, he was elected to the Walmart board of directors. In August 2002, he was also given the title of CEO for Sam's Club USA. The following April, he became executive vice president and vice chairman of Wal-Mart Stores, Inc. On December 6, 2004, Walmart announced that Coughlin would retire effective January 24, 2005. When Coughlin's retirement was announced, Walmart praised Coughlin for his longtime success at the corporation. Walmart CEO Lee Scott said in a company-issued press release, "Tom