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
Herb Pardes John J. Mack, chairman of the board of trustees, New York-Presbyterian Hospital, informed staff "that Dr. Herb Pardes has decided to retire at the end of 2011 as our President and Chief Executive Officer … While Dr. Pardes is stepping down as CEO at the end of 2011, the intention is that he will continue to play a vital role at the hospital beyond that time." In 2014, the Brain & Behavior Research Foundation announced a new Pardes Humanitarian Prize in Mental Health would be named in honor of Dr. Pardes for his profound impact on the lives of people