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Latest Eric E. Schmidt Stories

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2009-05-08 11:05:00

Google Chief Executive Eric Schmidt is showing no concern over government regulatory scrutiny of his role on the board of Apple Inc., confidently asserting that the inquiry will not find any evidence of violation of antitrust laws. He says he expects more criticism from around the world and that the recent attention has caused the company to pay closer attention to their approach to particular business issues. Schmidt told reporters that he has not considered withdrawing from the board of...

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2009-05-05 11:15:00

The New York Times reported on Monday that an inquiry has been launched by the U.S. Federal Trade Commission into whether the ties between the boards of Apple Inc. and Google Inc. violate antitrust laws. The report said, citing people familiar with the situation, that the FTC has already notified the companies of the inquiry. Eric Schmidt, Google Chief Executive, and Arthur Levinson, former Genentech CEO, are directors of both companies.  According to federal law, a person is not...

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2009-03-25 10:22:07

Chief Executive, Eric Schmidt, along with the other Co-founders at the California-based Internet giant, Google, each took home a meager one dollar paycheck last year, according to a filing with US regulators, the Associated Free Press accounted.  The executive trio, Larry Page, Sergey Brin, and Schmidt maintained their standard one-dollar annual paychecks even though the tight economy has depleted billions of dollars from their Google stock holdings.  Google commented in a proxy...

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2009-03-05 13:15:00

Google's Chief Executive Eric Schmidt said on Wednesday that the company plans to let its cash "pile up" as it weathers an economic recession, but doesn't expect to see a fall in revenue, Reuters reported. Schmidt said Google would only use its $8.6 billion cash cushion for "very very conservative investments" and is unlikely to start a dividend during the recession. He told the New York Times at the ECO:nomics conference in Santa Barbara, California, the company had discussed a dividend...

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2009-03-03 16:40:00

Google announced on Tuesday that four of its top executives each received bonuses of more than $1.2 million in 2008 for helping the Internet search leader secure modest earnings growth during recession, the Associated Press reported. However, the bonuses were less than those awarded in 2007 when Google's profit rose 37 percent, compared to 2008's gain of 1 percent. The weakening economy caused Google's market value to drop by 56 percent last year, $120 billion plunge. In the coming weeks,...

2009-02-23 14:02:00

WASHINGTON, Feb. 23 /PRNewswire-USNewswire/ -- Consumer Watchdog President Jamie Court wrote Google's CEO Eric Schmidt today questioning the company's priorities following efforts by one of Google's top executives to dissuade a charitable foundation from supporting the nonpartisan group's privacy efforts. "We have tried to constructively engage Google on its privacy problems for about six months now," Court wrote. "So it's remarkable that Google's most rapid and substantive response to our...

2009-02-02 15:25:00

SANTA MONICA, Calif., Feb. 2 /PRNewswire-USNewswire/ -- A national consumer group today called upon Google to publicly disclose its lobbying positions on the electronic medical record provisions of the financial stimulus legislation, given a new account by an independent journalist that Google's presence on the bill was felt on Capitol Hill. Consumer Watchdog called on Google's public policy team for an immediate answer. The letter follows: Robert Boorstin Director of Corporate and Policy...

2009-01-24 13:51:02

Political observers say Google is taking aim at Washington to earn support for network neutrality and expanded high-speed Internet access. Google employees contributed heavily to Barack Obama's campaign for president and Google Chief Executive Eric Schmidt served on Obama's transition team. While Obama has vowed, in general, that his administration will not play favorites, Google is certain to become a power player, the Los Angeles Times concluded Saturday. Obama shares the Internet giant's...

2008-10-17 08:45:00

By Jefferson Graham The struggling economy hasn't caught up with Google -- yet. The Web giant, which announced strong earnings results Thursday, knows it's in for a rougher ride in coming quarters. Google reported profit of $1.35 billion on revenue of $5.54 billion for the third quarter. Revenue was up 31% from a year ago and 3% above the second quarter of 2008. "We're very realistic about the economic climate but optimistic about the future," Google CEO Eric Schmidt said in a...

2008-10-03 09:00:14

By Braden Reddall Google hopes to do for the power grid what it did for the Web. Having conquered the market for Web search by first simplifying how it is done and then making sales of related advertising more efficient, Google is now funding green technology and using its brand power to lobby for policy change. Google introduced a plan Wednesday to wean the United States off the burning of coal and oil for power by 2030 and to cut oil use for cars by 40 percent. Such initiatives could...