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
Oliver Schmidt (engineer) Detroit judge found Schmidt guilty and sentenced him to seven years in prison and fined him $400,000. Oliver Schmidt (engineer) Oliver Schmidt (born 1969) is an engineer and former Volkswagen AG executive, who in 2017 was sentenced to seven years of prison due to his involvement in the Volkswagen emissions scandal. After studying mechanical engineering in Hannover, Schmidt was employed by Volkswagen AG in Wolfsburg. At the age of 35 Schmidt was transferred to the USA, where he from 2012 oversaw VW's emissions office in Michigan. In January 2017 while returning to Germany from a vacation Schmidt was arrested in