Google's Schmidt Says He Screwed Up'

Wednesday Jun 1st 2011 by Staff

The former Google CEO said that he handled the company's social networking efforts poorly and that he admires Facebook.

Bloomberg: Former Google CEO and current executive chairman Eric Schmidt was unusually candid when speaking at a California conference. Speaking of Google's forays into social networking, he said, "I clearly knew I had to do something and I failed to do it." He added, "The CEO should take responsibility. I screwed up."

Schmidt also said that rival Facebook "has done a number of things which I admire." And he described Google, Facebook, Apple and Amazon as a "gang of four" that stand out in the tech industry.

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