Word: schmidts
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...SCHMIDT: The company isn't run for the long-term value of our shareholders but for the long-term value of our end users...
...SCHMIDT: It took me six months to understand how Google works. The subtleties took a year. Now that I have it figured out, I suppose Larry and Sergey will have to change the management...
...SCHMIDT: That's been the buzz since I joined. My answer is simply to let the company's results speak for themselves...
...team of four engineers enters the meeting room, each clutching an IBM Think Pad. They have just 20 minutes: a digital clock projected on the wall ticks it down. You don't go before Brin and Page--joined by CEO Eric Schmidt, 51, the Silicon Valley veteran brought in a few years ago to provide adult supervision--until you have your pitch down. And the way Google operates, you don't have your pitch down until you have the numbers to quantify its superiority. The engineers tell Brin and Page that they can generate extra advertising revenue by adding small...
...billion apiece.) But the annals of Wall Street are littered with tales of brilliant founders who created successful companies, then branched into too many areas, only to see it all come crumbling down or, just as bad, to see new guys in suits come in to run things. Schmidt's guiding hand and the 70-20-10 system are supposed to ensure that that won't happen. Brin and Page also brought in Bill Campbell, the chairman of Intuit, as a trusted management adviser...