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Google Pays Up to Keep Eric Schmidt Around

by Liz Gannes

Google said in a regulatory filing today it was awarding chairman Eric Schmidt $100 million worth of stock that will vest over the next four years, plus a $6 million cash bonus. Schmidt is three-quarters of the way through vesting his last $100 million stock grant, which was doled out in January 2011 right after the announcement that Schmidt would hand over the CEO role to co-founder Larry Page.

This article originally appeared on Recode.net.

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