Eric Schmidt on its list of the 50 most important people on the Web, along with Google co-founders Page and Brin. Schmidt is one of a few people who became billionaires (in United States dollars) based on stock options received as employees in corporations of which they were neither the founders nor relatives of the founders. In its 2011 'World's Billionaires' list, "Forbes" ranked Schmidt as the 136th-richest person in the world, with an estimated wealth of $7 billion. On 20 January 2011, Google announced that Schmidt would step down as the CEO of Google but continue as the executive chairman of
Jeff Jacobson (CEO) into effect, and Jacobson would stay on as CEO. On May 13, 2018, Xerox announced that Jacobson would indeed be stepping down to be replaced by John Visentin. Jacobson also gave up a severance package worth up to $18M, by resigning voluntarily, in exchange for immunity from civil lawsuits over the failed Fujifilm deal. Jacobson graduated from the State University of New York Buffalo. He also has a master's degree in Industrial Relations from the Cornell University School of Industrial Relations. Jacobson also gained a juris doctor degree from Pace University School of Law and was admitted to the bar