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
Education Management Corporation their students in campus-based programs in order to maintain federal loan eligibility. Former Apollo Education CEO Todd S. Nelson became Chief Executive Officer of EDMC in February 2007. On September 21, 2009, EDMC became a public company once again, raising $330 million ($ in dollars) on the NASDAQ while Goldman Sachs retained 40% ownership. In 2012, Edward West replaced Todd Nelson as CEO, while Nelson replaced McKernan as chairman. After the growth in student numbers in the late 2000s, EDMC’s enrollment declined from around 160,000 students in 2011 to approximately 130,000 students at the end of 2012. EDMC has attributed