Items tagged with Eric Schmidt

Google put an abrupt end to its Glass Explorer program back in January of this year, leading some to speculate if Google was giving up on the wearable. That doesn't appear to be the case. When the Explorer program ended, Google moved Glass out of its Google X research lab and into a dedicated unit, and though the company hasn't said much since then, executive chairman Eric Schmidt says it's very much alive."It is a big and very fundamental platform for Google. We ended the Explorer program and the press conflated this into us canceling the whole project, which isn't true," Schmidt told The Wall... Read more...
If you could switch financial situations with anyone in the world today, former Google chief and current executive chairman of the search giant Eric Schmidt wouldn't be a bad candidate. The guy has a net worth north of $10 billion (with a "B"), and just in case he needs a little extra dough for a rainy day, Schmidt just received a compensation package of more $100 million in Google stock. That's his equity award for Google's outstanding performance in 2013, which was capped off by $16.9 billion in sales in the fourth quarter alone (up 17 percent compared to the same quarter in 2012). Schimdt's... Read more...
Google Chairman Eric Schmidt had some interesting tings to say about Google Glass after trying on a pair for himself. He described talking out loud to Google Glass as "the weirdest thing," and also the most "impressive" aspect of the project. Schmidt is a high level Google guy, however, and we would expect nothing less than optimism. But will consumers react positively to what's essentially a voice-activated HUD? And if it becomes popular, will it wreck human interaction as we know it? "The proposals that we’ve seen of applications are fantastic," Schmidt told a group at Harvard University,... Read more...
Eric E. Schmidt, Google's Executive Chairman of the Board of Directors, will become ever more wealthy. Already a member of the One Percent club, Mr. Schmidt will be selling roughly 42 percent of his stake in Google. In total, that's 3.2 million Class A shares of common stock. According to an 8-K filing put out today by the company, this "pre-arranged trading plan was adopted in order to allow Eric to sell a portion of his Google stock as part of his long-term strategy for individual asset diversification and liquidity." As of December 31, 2012, Eric beneficially owned approximately 7.6 million... Read more...
Here's an interesting tale: Google's executive chairman is about to go on a trip. But it's not just "any" trip, and it's hardly a vacation. He's about to travel to the Hermit Kingdom -- a place that's all but impossible to venture to unless you're a highly regarded political figure, or a member of a limited tour group where the guide never lets you out of their site. The destination? North Korea. One of the most disconnected, isolated societies in the world is about to be visited by the executive chairman of a company that excels at providing a near-limitless amount of free information. Culture... Read more...
Google surprised the entire tech universe when it announced plans to acquire Motorola for $12.5 billion, and once shock of the news started to wear off, the general consensus was that Google made the move to beef up its patent portfolio. Suddenly the multi-billion dollar acquisition made sense. Sure, $12.5 billion is a ton of cash upfront, but it's also an investment into Google's Android IP against mounting lawsuits. But that isn't the only reason Google did it. "We did it for more than just patents," Google's executive chairman, Eric Schmidt, said at a conference in San Francisco last week, according... Read more...
Apple announced on Monday that Google's CEO, Dr. Eric Schmidt, has resigned from their Board of Directors. While there was little content in their announcement (it was only two paragraphs sans the company info paragraph at the end), it had been obvious for a long time that he had to go. After all, the companies are starting to compete more and more against each other, and Schmidt had to recuse himself more and more often, because of that. Obvious examples include Android phones vs. the iPhone, Chrome vs. Safari, and the Chrome OS vs. Mac OS. Not mentioned in the press release is the FCC investigation... Read more...