Elliot Schrage Chases the Benjamins. And the Options.

And another one bites the dust: Elliot Schrage is packing up following fellow ex-Googler Sheryl Sandberg over to Facebook, where he’ll serve as VP of communications and public policy. Although Facebook hasn’t confirmed the hire yet, Kara Swisher , of All Things D, got a copy of the memo about his new role at Facebook. […]

Elliot And another one bites the dust: Elliot Schrage is packing up following fellow ex-Googler Sheryl Sandberg over to Facebook, where he'll serve as VP of communications and public policy.

Although Facebook hasn't confirmed the hire yet, Kara Swisher , of All Things D, got a copy of the memo about his new role at Facebook.

While Valleywag claims that Schrage's move was spurred by CEO Eric Schmidt's recreational activities, one ex-Googler we spoke with was skeptical.

"I think the move was probably more about the opportunity Facebook presented. I don't know what Facebook is offering, but it's probably his chance to get in early at another big one . . . He wasn't just your typical PR head. He had a varied role [at Google] and was involved in strategic decisions beyond just monitoring how [Google] speaks to the press."

To be sure, there's more upside in a $15 billion private startup than a massive, mature machine that is Google.

Photo: Courtesy Google

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