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NEWS ABOUT: Eric Schmidt

Google Boss: Chinese Language Will Dominate Web

Also in 5 years: social media will rule

(Newser) - The Internet will look completely different in five years, predicts Google CEO Eric Schmidt; after all, he notes, five years is a factor of 10 according to Moore’s law of ever-increasing speed. The Google CEO expounded on the future of the web at length at a recent symposium, but... More »

Google: We Have 'Moral' Duty to Help Journalism

We're not a newspaper killer, says CEO

(Newser) - Google not only wants big news organizations such as the New York Times to survive, it has a "moral responsibility" to help them do so, says CEO Eric Schmidt. He tells Search Engine Land "there will always be a market for people who read the newspaper on a... More »

Apple-Google Party Ended Before FCC Waltzed In

Philosophical standoff led to Schmidt's ouster

(Newser) - Google CEO Eric Schmidt’s departure from the Apple board can be most directly linked to the rejection of the Voice app from the App Store, which has sparked a probe by the Federal Communications Commission, Erick Schonfeld writes for TechCrunch: “Google brought down the disapproving scrutiny of the... More »

Google CEO Leaves Apple Board

Once-friendly companies on the brink of war

(Newser) - Google CEO Eric Schmidt has left Apple’s board of directors because the once-friendly companies are on a collision course, Apple announced today. “As Google enters more of Apple’s core business, with Android and now Chrome OS, Eric’s effectiveness as an Apple Board member will be significantly... More »

Google Drops Plans to Save Struggling Papers

CEO says company won't cross the line into creating content

(Newser) - Google has decided against  throwing struggling newspapers a lifeline through acquisition or by using its charitable arm to help them gain non-profit status, CEO Eric Schmidt tells the Financial Times. Schmidt said the company considered the idea, but decided that Google didn't want to cross the line between technology and... More »

Geffen Sought Stake in NY Times

Media mogul rebuffed after bid for 20% of company

(Newser) - Media mogul and DreamWorks co-founder David Geffen recently offered to buy nearly 20% of the struggling New York Times Company, Fortune reports. Geffen offered market price, currently $194 million, for the shares owned by Harbinger Capital Management. But the hedge fund rejected his offer as too low. He hasn't been... More »

Selfish Google Stands to Kill Golden News Goose

It will actually help your company in the long run

(Newser) - By refusing to share revenue with news providers, Google is essentially dooming itself, writes blogger Steve Outing, who has a message for CEO Eric Schmidt: “What’s the deal, Mr. Schmidt? Have you deleted Sergey Brin and Larry Page’s ‘Don’t Be Evil’ mantra from the corporate... More »

Missing, Not Missed: CEOs in Obama Cabinet

Prez keeps Wall Street at arm's length, leans on pols, academics

(Newser) - To the multitude of differences between the Obama administration and its predecessors, add the absence of corporate CEOs from Cabinet meetings. The reason is simple, reports Politico: There aren't any. Recent Wall Street-to-Washington catastrophes such as the Bush Treasury Department aren't the only reason, either. "Obama’s more... More »

Google Will Have the President's Ear

Company may capitalize on the benefits of backing a winner

(Newser) - Google may be the company that needs to do the least searching for influence with the new president, reports the Los Angeles Times. The company was one of the biggest contributors to Barack Obama's candidacy, and four Google execs were on the transition team. The search giant's agenda—widening high-speed... More »

Google Cuts Spending, New Projects

Company plans cuts in contract workforce, tightens perks as it refocuses

(Newser) - Times are tough even at Google, forcing the company to refocus on its core business, the search advertising that generates 97% of its revenue, reports the Wall Street Journal. CEO Eric Schmidt says the company has begun to trim not only some of its legendary employee perks, but unprofitable products... More »

Google CEO: Energy Bailout Is a Must, Too

Adviser thinks Obama should open power grids, fund innovation

(Newser) - Google CEO Eric Schmidt thinks the government needs to fund a massive reinvention of America’s energy infrastructure, opening up the grid to startups and funding innovation, Information Week reports. It’s crucial “that small startups with funny names get founded and funded in the new regime,” said... More »

Google's Smartphone Slated for This Fall

The search-giant's Android operating system to rival Apple's

(Newser) - Google’s long-rumored Android-powered smartphone could have customers surfing the Web and chatting by as early as October, the New York Times reports. The gadget, the product of a partnership between T-Mobile and HTC, is expected to challenge Apple’s iPhone and other smartphones that offer PC-like functions as well... More »

Google CEO Says Saving Media Is a 'Moral Imperative'

Search engine chief says company wants to help publishers make Net ads work

(Newser) - Search engine giant Google wants to maximize online ad revenues for traditional media, CEO Eric Schmidt said yesterday, not work against them. CNets reports that with so many traditional media companies struggling to make online ads work, "it's a huge moral imperative to help here," Schmidt said. More »

Google Readies Defense of Yahoo Ad Deal

Efficiencies outweigh anti-competition issues, giant says; critics not so sure

(Newser) - An advertising deal between Google and Yahoo is certain to stir the Justice Department’s antitrust division into action, no matter what the two do to address concerns, experts anticipating a partnership between the two Internet leaders tell the New York Times. Google says a deal would simply be a... More »

Google Taps Quattrone for Yahoo Advice

It's his first high-profile post since legal troubles last year

(Newser) - Google has hired controversial former dot-com banker Frank Quattrone to advise the company on its increasingly complicated role in Yahoo’s takeover drama, the New York Times reports. It’s Quattrone’s first high-visibility gig since his obstruction-of-justice conviction was overturned last year. Google CEO Eric Schmidt is a longtime... More »

Even Google Not Immune in Downturn

Its shares off 40% since November, 'the shine is off' search behemoth

(Newser) - After a hitting record high in November, Google shares have fallen 40%, reports the Los Angeles Times. Investors are concerned that a downturn in consumer spending could slow Google's growth—previously thought to be recession-proof. "Now the shine is off Google, whether deservedly or not," one media analyst... More »

Google to Microsoft: Not So Fast

Web giant steps in, offers to help Yahoo rebuff rival's advances

(Newser) - Google is offering to help Yahoo thwart Microsoft’s attempts at a hostile takeover, the Wall Street Journal reports. After Microsoft announced its $44.6-billion bid, Google’s CEO Eric Schmidt called Yahoo’s Jerry Yang on Friday to bolster talk of an ad search alliance, support Yahoo’s efforts... More »

Is MySpace Murdoch's Top Investment?

Maybe, says Google CEO, as site rolls out initiatives in bid to remain in front

(Newser) - Two years after Rupert Murdoch’s News Corp. bought MySpace, and shortly after its two founders signed up for another couple of fabulously well-paid years at the helm, the site is expanding and evolving. Despite challenges (read: Facebook), MySpace represents an impressive return for Murdoch. “He may find that... More »

Google: The Next Generation

Inside Google's unique program to find its future innovators

(Newser) - They're brilliant young men and women just out of college, and they're handed more responsibility than many executives enjoy in a lifetime. They're the elite associate product managers of Google, parachuted into top management—like running Gmail or Google Reader—before they're tainted by anyone else's corporate culture. Newsweek tags... More »

Google Search Finds $1B Profit

Massive boost in weakest quarter

(Newser) - Google's search for profit growth produced a 57% jump in revenue and a 46% increase in profits to $1B in the third quarter. The Wall Street Journal reports the boost in net income came from its core search-advertising business, as well as its brokering of ads that appear on partner... More »

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