Why Eric Schmidt Left As CEO of Google? 378
Edsj writes "According to The New Yorker: 'Schmidt, according to associates, lost some energy and focus after losing the China decision. At the same time, Google was becoming defensive. All of their social-network efforts had faltered. Facebook had replaced them as the hot tech company, the place vital engineers wanted to work. Complaints about Google bureaucracy intensified. Governments around the world were lobbing grenades at Google over privacy, copyright, and size issues. The “don’t be evil” brand was getting tarnished, and the founders were restive. Schmidt started to think of departing. Nudged by a board-member friend and an outside adviser that he had to re-energize himself, he decided after Labor Day that he could reboot. He couldn't.'"
Re:Got to love a privately owned public company (Score:5, Informative)
Actually you can't. You can only sue them claiming they are not acting in accordance with the company bylaws. Google's bylaws allow for significant activity that is not in the benefit of, or might even be contrary to, the economic benefit of its shareholders. If the shareholders don't like that they shouldn't have bought the stock.
Re:Schmidt to replace Steve Jobs (Score:5, Informative)
Re:Facebook: Hot Tech Company — Explain??? (Score:5, Informative)
--stock options: Facebook is/was pre-IPO. If you want to get rich as an engineer you would work there. You will never get that rich at Google.
--freedom: Google is a large company and it is hard to get stuff done. Facebook is small.
--Google is perceived as no longer being the place where the best work.
Re:The other side of the coin (Score:3, Informative)
No one is forced to support a corporation, whereas governments rule through coercive force. I know that doesn't sink into you anti-corporation people too well, but since most of your views are founded on poor understanding of reality in the first place, I don't worry too much about that.
I don';t think so.... (Score:4, Informative)
Leave Google to go work on PHP spaghetti code? Puhleese.
Maybe people have left Google, but show us the numbers. I highly doubt they went to FACEBOOK.
"How many divisions" (Score:5, Informative)
Governments have the power to deprive you of your life, liberty or property...literally.
So do corporations.
For a corporation to do that, two conditions must be met first:
1) there must exist a government
2) that government must be corrupt
Without a corrupt government, corporations do not have the powers you mention.
Without any government at all, let's say as happens in some parts of Africa, no corporations exist.