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Articles tagged with: Eric Schmidt

Former Google CEO Teams Up W/ Lady Gaga For Social Startup

Right when you thought you saw it all, you read this headline. A new social startup called Backplane has raised over $1 million in venture funding, and is run my former Google CEO, Eric Schmidt. Interestingly enough, Lady Gaga invested in the startup and owns 20% of Backplane.

The social startup will launch soon and is designed to build communities around musicians and sports teams. The service also integrates updates from Facebook and Twitter, keeping close tabs on social. With Schmidt recently announcing that he regrets not giving Google more of a social presence, this might be a project that the former CEO hopes will bring him back to the likes of Google, perhaps to obtain his former position?

Schmidt, Stop Hitting Yourself, We Love Google

Eric Schmidt, former CEO of Google, claims that Google knew how to do search, enterprise applications, and ‘mobile’, but could never figure out how to create a successful social network like Facebook. Schmidt believes that Facebook has created a fundamental service as it has shown people for their true colors (something that was previously not found anywhere on the Internet).

Where anonymity is usually stressed all over the web, through the use of screen names and avatars, Facebook forces users to sign up with their real names. On a typical Facebook profile, you can see a person’s full name, photo, and some brief information.

$100 Million for Google’s CEO as He Steps Down

Google recently announced that Eric Schmidt will step down as CEO so co-founder Larry Page can take his place on April 4th. On Saturday Poornima Gupta, a spokeswoman for Google, said that it was awarding Mr. Schmidt with a $100 million equity which includes stock and stock options to vest after four years.

This is the first award offered to Schmidt since joining Google in 2001 as board chairman. Schmidt will become executive chairman of Google and will focus on external affairs including deals, partnerships and government outreach.

Google to Replace Eric Schmidt with Larry Page as CEO

Google just announced some management changes and it will replace Eric Schmidt with Larry Page. Starting from April 4, Larry Page, Google Co-Founder, will take charge of Google’s day-to-day operations as Chief Executive Officer. Sergey Brin, Google Co-Founder, will devote his energy to strategic projects, in particular working on new products. Eric Schmidt will assume the role of Executive Chairman, focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership–all of which are increasingly important given Google’s global reach. Internally, he will continue to act as an advisor to Larry and Sergey.