He might just voluntarily step away for his mid-life crisis, the way Page, Brin, Bezos, Ellison, and Gates have.
I figured a similar dynamic existed when Google did their Class-A/Class-C split. Brin, Page, and Schmidt together hold voting control of the company, so I could envision a future where investors tried to buy up all the Class-A shares and enlist the cooperation of one of the founders to oust the remaining founder. For a long time I held onto my Class-A shares and sold the Class-C ones in case the voting rights premium spiked. But that didn't happen: they've all stepped away from operational roles at the company and in Schmidt's case even resigned from the board. Now the Class-A and Class-C shares largely trade in parallel, and in some cases Class-A even trades below C (which is slightly insane since they are strictly better, but market fluctuations).
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He might just voluntarily step away for his mid-life crisis, the way Page, Brin, Bezos, Ellison, and Gates have.
I figured a similar dynamic existed when Google did their Class-A/Class-C split. Brin, Page, and Schmidt together hold voting control of the company, so I could envision a future where investors tried to buy up all the Class-A shares and enlist the cooperation of one of the founders to oust the remaining founder. For a long time I held onto my Class-A shares and sold the Class-C ones in case the voting rights premium spiked. But that didn't happen: they've all stepped away from operational roles at the company and in Schmidt's case even resigned from the board. Now the Class-A and Class-C shares largely trade in parallel, and in some cases Class-A even trades below C (which is slightly insane since they are strictly better, but market fluctuations).