Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
While Google has backed off its plans to build a censored search engine for China for the time being, former Google CEO Eric Schmidt said he had advocated for the company's work there when it originally pulled out of the country.
"In 2010, I was in favor of remaining in China because I believed they would be better to stay in China and help change China to be more open," said Schmidt in an interview with the BBC. Google co-founder Sergey Brin has gone on record to say he believed the company should not remain in China at the time, telling Spiegel that the censorship "was a real step backward."
"The company, after an appropriate debate, decided to move to Hong Kong," Schmidt said. "We don't know whether my strategy would have worked or not."
Schmidt "couldn't say" if the renewed China initiative, known internally as Project Dragonfly, was finished for good. The project had sparked an uproar among employees at Google last year who claimed in an open letter that it was contrary to the company's values. But Schmidt said employees working on the project were very much aware of its purpose.
"I wasn't involved in those decisions, but I can tell you that certainly the people who were building all these products knew about it," he told the BBC. "And in any case, the company is not pursuing those products at this moment according to our new CEO Sundar [Pichai]."
Schmidt first joined Google as CEO in 2001, back when the company only had several hundred employees, and became its executive chairman 10 years later, handing the CEO role over to co-founder Larry Page. He stepping down from that role in 2017, and will leave his board position altogether next month.
Google's vocal workforce has been a pillar of the company culture, even when it draws the company into a negative news cycle. Last year, Google employees also staged a walkout after The New York Times reported that the company had paid its former Android leader Andy Rubin a $90 million exit package despite finding sexual misconduct allegations made against him to be credible. Schmidt told the BBC, "a strength of the company is its debate."
Watch the full interview at the BBC.