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
Advanced Micro Devices the new venture's success, CEO Hector Ruiz stepped down as CEO of AMD in July 2008, while remaining Executive Chairman, in preparation for becoming Chairman of Global Foundries in March 2009. President and COO Dirk Meyer became AMD's CEO. Recessionary losses necessitated AMD cutting 1,100 jobs in 2009. In August 2011, AMD announced that former Lenovo executive Rory Read would be joining the company as CEO, replacing Meyer. AMD announced in November 2011 plans to lay off more than 10% (1,400) of its employees from across all divisions worldwide. In October 2012, it announced plans to lay off an additional