Eric Schmidt

Jobs and Schmidt connect at the introduction of the iPhone, 2007 businessweek.com: The Google executive chairman admired Jobs’s passion, courage, and smarts When he went to Apple, he was basically down to 1 percent market share. Apple was near bankruptcy, the company had been for sale, there were a series of management changes. I talked to him about it. He said, “The thing that I have that no one else has is very loyal customers.” He had these fanatical people who would line up all night for a product that wasn’t any good. He figured correctly that by upgrading and investing in and broadening the portfolio, he could do it. At some level he foresaw the next 10 years. ...

Google has given all of its employees $1,000 cash “holiday bonuses” and 2011 salary increases of at least 10%, a loyal reader tells us. The 10% company-wide raise will take effect on January 1, 2011. In addition, Google will also give each employee an additional raise equivalent to 1X the employee’s target bonus for the year. And employees will be eligible for additional “merit increases” based on their individual performance. ...