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“innovation is the technological pre-condition for growth”, Eric Schmidt

At the “third quarter earnings call,” Eric Schmidt, said that “innovation is the technological pre-condition for growth.” He was talking about kind of innovation that’s only possible when you can attract and retain world’s finest minds. Some come to Google through acquisition, like people who created Google Earth (formerly Keyhole), or folks at Android Inc. — but most innovation coming out of Google is homegrown. “A good example is Google Chrome, which in only a year, has more than 30 million active users. Larry and Sergey recently gave Chrome team a Founders Award, a multimillion-dollar stock bonus shared by Googlers who worked across functions and regions to create and launch that product,” Google blog.

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