Schmidt: 'Adult supervision' at Google no longer needed
Modern CEOs live on airplanes. But in stepping down from the CEO role to become executive chairman, Eric Schmidt's travel schedule is about to go into overdrive.
Google's bombshell announcement this afternoon that Schmidt, the company's second CEO but the first to provide "adult supervision" to Larry Page and Sergey Brin's world-changing creation, thrusts Schmidt into a role where he won't see the Googleplex very often. In ceding control of day-to-day operations to Page, Schmidt told financial analysts that he's preparing to focus on "the things I'm most interested in.&… Read more