Google Chairman Eric Schmidt was paid $101 million last year as he turned over control of the company to co-founder Larry Page, whose compensation totaled $1.

Schmidt received $55.6 million in stock awards and $38.1 million in options, the company said yesterday in a regulatory filing. The remaining $7.2 million came from his salary, a non-equity incentive plan and other forms of compensation.

The former chief executive officer’s total pay increased from $313,219 in 2010. Schmidt, who was named CEO in 2001, stepped down a year ago, putting Page back in charge of the world’s largest Internet search engine.

Page and co-founder Sergey Brin, Google’s largest shareholders, were each paid $1 last year, part of a plan put in place in 2004.