By TOI Tech Desk
Publication Date: 2026-08-23 07:33:00
Google’s former CEO Eric Schmidt is reportedly unhappy with founder Sergey Brin over how more than $100 million in political contributions is being used in California. The two technology billionaires are backing efforts to defeat Proposition 40, a proposed one-time wealth tax on California residents worth more than $100 million. However, a report says Schmidt has grown frustrated because money raised to fight the tax is also being used against other ballot measures.
Why Eric Schmidt is unhappy with Sergey Brin
According to a report by the New York Post, Eric Schmidt has become frustrated with the political coalition led in large part by Sergey Brin after California Democrats endorsed Proposition 40. The former Google CEO and Google co-founder have both donated millions of dollars to Building a Better California, a political organisation fighting the proposed billionaire wealth tax.However, an advisor to Schmidt told Fortune that he was not “irate” over the Democratic Party’s…
