frontpage - 2:36 pm on Jun 23, 2011 (gmt 0)
Google’s Page, Schmidt Face Senate Subpoena Threats
Google Inc. (GOOG)’s reluctance to provide a top executive for testimony to a Senate panel probing its market power has prompted threats of subpoenas for Chief Executive Officer Larry Page and Chairman Eric Schmidt.
In a letter dated June 10, the Democratic chairman and leading Republican on the antitrust subcommittee asked Google to provide one of the company’s two senior executives before Congress’s August recess. The letter urged a resolution “by agreement” to avoid “more formal procedures,” according to a copy of the letter obtained by Bloomberg News.