Google pays up to keep Eric Schmidt around

Liz Gaines
Wednesday, 5 Feb 2014 | 8:19 AM ET
Eric Schmidt at WEF in Davos, Switzerland.
Patrick Bucci | CNBC
Eric Schmidt at WEF in Davos, Switzerland.

What's it costing Google to keep former CEO Eric Schmidt around? The company said in a regulatory filing today it was awarding the chairman $100 million worth of stock that will vest over the next four years, plus a $6 million cash bonus.

Read the whole story at Re/code.

By Liz Gaines, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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