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
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