Schmidt Family Foundation 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, with assets valued at $82 million. As of December 31, 2011, the foundation’s assets were valued at $178 million, which included $30.7 million in Google Class A stock. The foundation is focused on the application of new knowledge and innovation and advancement original research in science, energy, and biosphere
Martin E. Franklin Franklin served as its CEO. He was the youngest CEO of a corporation listed on the NYSE. They sold the company to Essilor for US$300 million in 1996. Franklin attempted to acquire the Alltristra Corporation with Ian Ashken in 2000. When their bid failed, they became activist boards members. By 2001, Franklin became its CEO while Ashken became its chief financial officer. Meanwhile, the two men renamed it the Jarden Corporation. Franklin served as its chairman and chief executive from 2001 to 2011. Since 2011, he has served as its executive chairman. As executive chairman of Jarden, Franklin earned US$44