Schmidt, who has been called upon to give economic advice to President Barack Obama before and after he was elected, could be well suited to defuse the concerns in the U.S. He is also expected to play a key role in identifying Google’s takeover targets, which makes sense if he is also going to be addressing antitrust concerns.
Google has plenty of ammunition left to finance its ambitions for this year and beyond. It ended December with $35 billion in cash.
The change in command seemed long overdue to longtime Silicon Valley analyst Rob Enderle.
“Whenever you have a caretaker CEO, they’re supposed to stay in place until the founders have enough experience,” he said. “Larry had enough experience about four years ago.”
More news about Google in education:
Google’s new eBook store: One store, any device
Google offers mobile editing on Google Docs–with many restrictions
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