Eric Schmidt has been granted a $100m (£62.5m) golden parachute for stepping down as chief executive of the internet company.
The bumper bonus share award comes days after Mr Schmidt’s shock announcement that he is to be replaced as chief executive by Larry Page, one of Google’s co-founders.
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Eric Schmidt – Official Google Blog: An update from the Chairman posted at 1/20/2011 01:01:00 PM
Official Google Blog: An update from the Chairman.

Google just dropped a bombshell: Eric Schmidt is out as CEO (as announced in the company’s earings report.
You can read more about this here:
Schmidt Out as Google CEO | WebProNews.