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Google Inc.'s chief executive said Wednesday the Internet search leader won't delay its proposed advertising partnership with rival Yahoo Inc. even if government regulators need more time to assess whether the alliance will diminish competition.After voluntarily delaying the start of the Yahoo deal three months ago to give antitrust regulators time to review the potential impact, CEO Eric Schmidt said he isn't willing to wait very much beyond an Oct. 11 deadline spelled out in the companies' contract.
"Time is money in our business," Schmidt told reporters in a 75-minute meeting that covered a wide range of topics.
The upheaval in the banking system hasn't rattled Google either because the company's $12.7 billion in cash is concentrated in "very, very boring investments," Schmidt said. "The drama is in New York, not here. It's business as usual at Google."
Business as usual? Hmmm, how can that be when your stock is down 40% from this time last year?
Come on now, Google is feeling the pinch just like everyone else. And, if you push things with the U.S. Government, which is akin to buying links with Google, you might be in for a surprise. ;)
Whats wrong with that? Some may not think anything is wrong with that, but think about it like this...
If you have 1 rep dedicated to your account and to your top competitors account they are basically pulling strings and toying with both parties to get them to raise bids so Google can make more money.
Its business and that the way it is, but you would think that for a company that does no evil that they would at least not have the same rep working multiple competitor accounts. That just seems like they can take driven succesful models and share it with your competitors. So it would be good for 2 parties in this case, the competitor that needs help and Google.
I am speculating on that of course, but I am convinced that Google is at the very least assigning reps to multiple competitor accounts on a regular basis. I guess its ethical and legal because I have never heard anyone say a word about it.
So i hope that the feds crack down on Google because they need better regulation some how.