Google Inc. (GOOG) Executive Chairman Eric Schmidt said he “screwed up” in the area of social networking when he was chief executive officer of the world’s largest Web- search provider.
“I clearly knew I had to do something and I failed to do it,” Schmidt said yesterday of his efforts to help the company excel in social media. “The CEO should take responsibility. I screwed up.” He was speaking at AllThingsD’s D9 Conference in Rancho Palos Verdes, California.
http://www.bloomberg.com/news/2011-06-01/schmidt-singles-out-google-apple-facebook-amazon-as-leaders.html
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