The most influential man in tech – whose VERY saucy private life raised eyebrows – now announces his shocking resignation: Billionaire Eric Schmidt will step down from Google parent company Alphabet in weeks
Schmidt first joined Google in 2001 to act as ‘adult supervision’ for founders Larry Page and Sergey Brin
He helped take the company from a small internet search startup into a publicly traded, global business
Schmidt will become a technical adviser to the company while continuing to serve on its board
The 62-year-old has been the subject of many rumors regarding a string of extramarital affairs
He has been married to Wendy since 1980, whom he met in graduate school at the University of California Berkeley
DAILYMAIL.COM
22 December 2017
Eric Schmidt will be stepping down from his role as Google’s parent company Alphabet’s Executive Chairman of the Board of Directors, it has been revealed.
Schmidt, who joined Google in 2001 to act as ‘adult supervision’ for founders Larry Page and Sergey Brin, will become a technical adviser to the company while continuing to serve on its board.
‘Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology,’ said Larry Page, CEO of Alphabet.
Outside of Google, Schmidt has been fiercely protective over his colorful and complex private life which includes a string of affairs.
In the past few years and despite his marriage to wife Wendy, Schmidt has had relationships with a series of younger women, including a vivacious television host who dubbed him ‘Dr Strangelove,’ a leggy blonde public relations executive and a sexy Vietnamese concert pianist.
‘Continuing his 17 years of service to the company, he’ll now be helping us as a technical advisor on science and technology issues.
‘I’m incredibly excited about the progress our companies are making, and about the strong leaders who are driving that innovation.’
‘Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition.’
Schmidt then added: ‘The Alphabet structure is working well, and Google and the Other Bets are thriving,’ said Eric Schmidt.
‘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 has a current net worth of $13.8billion, most of which is tied to Alphabet stock, according to Forbes.
Before joining Google, Schmidt was CEO of networking-software maker Novell. He also previously worked at Sun Microsystems.
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