Eric schmidt | Pixr8 News

Google Acquires 51.2% Stakes of Burning Man Festival

3Apr By PriyankaNo Comments

ACQUISITION

Google Acquires 51.2% Stakes of Burning Man Festival

According to mixmag website, world's leading search giant Google has acquired the majority share of Burning Man festival. As per the report, Google proposes this offer on 31st March to take over majority stakes of the festival and organsers were agreed on it. Google now owns 51.2 per cent of the festival, meaning it now has the controlling share and will be taking over logistics and the annual running of the event. Though the amount of acquisition is still undisclosed, Pixr8 sources said the deal is around $1.2 billion. There is no secret that Google founders have had a presence at the festival since its inception for years and Sergey Brin, and Larry even hired its first CEO (Eric Schmidt) back in 2001 based on how he managed at the week-long pilgrimage. Marcus Fooly, Goog...

BREAKING: Eric Schmidt Stepping Down as Chairman of Alphabet

22Dec By NitishNo Comments

News

BREAKING: Eric Schmidt Stepping Down as Chairman of Alphabet

AFP- Google's parent company Alphabet on Thursday announced that Eric Schmidt will step down as chairman, remaining on the board but shifting into a role as a technical advisor. "In recent years, I've been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work," Schmidt said in a release. After ten years as CEO and seven as Executive Chairman, I can’t wait to dive into the latest in science, technology, and philanthropy. I look forward to working with Larry and Sergey on our future here at Alphabet. https://t.co/nVnZqMEHoI— Eric Schmidt (@ericschmidt) December 21, 2017 Schmidt's stint as executive chairman is to end at a regularly-scheduled board meeting next month, according to Alphabet. Google founders Larry Page ...

Sundar Pichai Received $100.5 million (Rs. 667 crores) Pay Package in 2015

30Mar By AdityaNo Comments

News

Sundar Pichai Received $100.5 million (Rs. 667 crores) Pay Package in 2015

According to the report in Bloomberg, Google CEO Sundar Pichai received a $100.5 million (roughly Rs. 667 crores) pay package in 2015. The salary mentioned in filing from parent company Alphabet on Tuesday. Pichai received $99.8 million in restricted stock that will vest in full by 2017. He also received a $652,500 salary. The stock award hasn't previously been disclosed in filings. The former co-founder of Google Larry Page awarded restricted shares valued at $199 million (roughly Rs. 1,321 crores), the largest grant ever given to a Google executive officer whose pay has to be reported in filings. Executive Chairman Eric Schmidt received $8.04 million (roughly Rs. 53 crores) for 2015, including a $1.25 million salary and $6 million (roughly Rs. 39 crores) cash bonus. Chief Finan...

Eric Schmidt, of Alphabet, To Head Pentagon's Innovation Board

6Mar By PriyankaNo Comments

News

Eric Schmidt, of Alphabet, To Head Pentagon's Innovation Board

Eric Schmidt, executive chairman of Alphabet, the parent company of Google, has been picked by Pentagon to head a new advisory board on defense innovation. About the same time, Pentagon Press secretary Peter Cook announced on Wednesday in Washington DC that Defense Secretary Ash Carter met Schmidt during the annual RSA Security Conference in San Francisco. Schmidt will be the chairman of the first Department of Defense Innovation Advisory Board and will work with Carter to select up to 12 members of the board. In a statement, Cook said the initiative is an effort to tap innovators from the private sector in Silicon Valley and beyond, and board members will "represent a cross-section of America's most innovative industries, drawing on technical and management expertise from Silicon...