Google CEO Eric Schmidt To Step Down?

Google CEO Eric Schmidt To Step Down?

While Google's market capitalization tanks and the company launches its first wave of cost-cutting, CEO Eric Schmidt is devoting much of his public-speaking time to pressing for green-energy stimulus plans and discussing the auto industry bailout. Technology, Media & Telecom Analyst speculates that this is because he is getting ready to take a position in the Obama Administration. We have no inside knowledge here. We would, however, note that, having grown Google to $20 billion in revenue over seven years, Eric has certainly earned the right to take a break. We would also note that there are many other reasons why this might be a good time to exit stage left (although a year ago, when the stock was at $700, would have been a much better time)

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The link is to Henry Blodget's page on the Sillicon Alley Insiders website | November 25, 2008 5:17 AM. It still seems to be a rumor, but on the Internrt it's already appearing on rather important sites.