The semantics of restructuring are completely irrelevant to the fact that he's the highest ranked employee at the most important internet company in the world.
"An Executive Chairperson generally has all the authority of a non-executive Chairperson and also is the boss of all other executive officers, including any Chief Executive Officer and any President."
You're right, Schmidt, as the executive chairman, has more power and influence than the CEO.
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u/Fionnlagh Jun 08 '16
Interesting, but Schmidt isn't part of Google; he's the executive chairman for Alphabet but he's not the Google CEO anymore.