Bell Laboratories at New Providence, New Jersey

Bell Laboratories (also known as Bell Labs and formerly known as AT&T Bell Laboratories and Bell Telephone Laboratories) is the research and development subsidiary of the French-owned Alcatel-Lucent and previously of the American Telephone & Telegraph Company (AT&T), half-owned through its Western Electric manufacturing subsidiary.

Bell Laboratories operates its headquarters at Murray Hill, New Jersey, United States, and has research and development facilities throughout the world.

Origin and historical locations[link]

Early namesake[link]

Bell's 1893 Volta Bureau building in Washington, D.C.

The Alexander Graham Bell Laboratory, also variously known as the Volta Bureau, the Bell Carriage House, the Bell Laboratory and the Volta Laboratory, was created in Washington, D.C. by Alexander Graham Bell.

In 1880, the French government awarded Bell the Volta Prize of 50,000 francs (approximately US$10,000 at that time, about $250,000 in current dollars^[1]) for the invention of the telephone, which he used to found the Volta Laboratory, along with Sumner Tainter and Bell's cousin Chichester Bell.^[2] His research laboratory focused on the analysis, recording and transmission of sound. Bell used his considerable profits from the laboratory for further research and education to permit the "[increased] diffusion of knowledge relating to the deaf".^[2]

The Volta Laboratory and the Volta Bureau were earlier located at Bell's father's house at 1527 35th Street in Washington, D.C., where its carriage house became their headquarters in 1889.^[2] In 1893, Bell constructed a new building (close by at 1537 35th St.) specifically to house it.^[2] The building was declared a National Historic Landmark in 1972.^[3][4][5]

Early antecedent[link]

In 1884 the American Bell Telephone Company created its Mechanical Department from the Electrical and Patent Department formed a year earlier.

Formal organization[link]

In 1925 Western Electric Research Laboratories and part of the engineering department of the American Telephone & Telegraph company (AT&T) were consolidated to form Bell Telephone Laboratories, Inc., as a separate entity. The first president of research was Frank B. Jewett, who stayed there until 1940. The ownership of Bell Laboratories was evenly split between AT&T and the Western Electric Company. Its principal work was to design and support the equipment that Western Electric built for Bell System operating companies, including telephone exchange switches. Support work for the phone companies included the writing and maintaining of the Bell System Practices (BSP), a comprehensive series of technical manuals. Bell Labs also carried out consulting work for the Bell Telephone Companies, and U.S. government work, including Project Nike and the Apollo program. A few workers were assigned to basic research, and this attracted much attention, especially since they produced several Nobel Prize winners. Until the 1940s, the company's principal locations were in and around the Bell Labs Building in New York City, but many of these were moved to New York suburban areas of New Jersey.

Among the later Bell Laboratories locations in New Jersey were Murray Hill, Holmdel, Crawford Hill, the Deal Test Site, Freehold, Lincroft, Long Branch, Middletown, Neptune, Princeton, Piscataway, Red Bank, and Whippany. Of these, Murray Hill and Crawford Hill remain in existence (the Piscataway and Red Bank locations were transferred to and are now operated by Telcordia Technologies and the Whippany site was purchased by Bayer^[6]). The largest grouping of people in the company was in Illinois, at Naperville-Lisle, in the Chicago area, which had the largest concentration of employees (about 11,000) prior to 2001. There also were groups of employees in Columbus, Ohio; North Andover, Massachusetts; Allentown, Pennsylvania; Reading, Pennsylvania; and Breinigsville, Pennsylvania; Burlington, North Carolina (1950s–1970s, moved to Greensboro 1980s) and Westminster, Colorado. Since 2001, many of the former locations have been scaled down, or shut down entirely.

Discoveries and developments[link]

At its peak, Bell Laboratories was the premier facility of its type, developing a wide range of revolutionary technologies, including radio astronomy, the transistor, the laser, information theory, the UNIX operating system, the C programming language and the C++ programming language. Seven Nobel Prizes have been awarded for work completed at Bell Laboratories.^[7]

• 1937: Clinton J. Davisson shared the Nobel Prize in Physics for demonstrating the wave nature of matter.
• 1956: John Bardeen, Walter H. Brattain, and William Shockley received the Nobel Prize in Physics for inventing the first transistors.
• 1977: Philip W. Anderson shared the Nobel Prize in Physics for developing an improved understanding of the electronic structure of glass and magnetic materials.
• 1978: Arno A. Penzias and Robert W. Wilson shared the Nobel Prize in Physics. Penzias and Wilson were cited for their discovery of cosmic microwave background radiation, a nearly uniform glow that fills the Universe in the microwave band of the radio spectrum.
• 1997: Steven Chu shared the Nobel Prize in Physics for developing methods to cool and trap atoms with laser light.
• 1998: Horst Stormer, Robert Laughlin, and Daniel Tsui, were awarded the Nobel Prize in Physics for the discovery and explanation of the fractional quantum Hall effect.
• 2009: Willard S. Boyle, George E. Smith shared the Nobel Prize in Physics together with Charles K. Kao. Boyle and Smith were cited for the invention of charge-coupled device (CCD) semiconductor imaging sensors.

1920s[link]

During its first year of operation, facsimile (fax) transmission, invented elsewhere, was first demonstrated publicly by the Bell Laboratories. In 1926, the laboratories invented an early example synchronous-sound motion picture system, in competition with Fox Movietone and DeForest Phonofilm.^[8]

In 1924, Bell Labs physicist Dr. Walter A. Shewhart proposed the control chart as a method to determine when a process was in a state of statistical control. Shewart's methods were the basis for statistical process control (SPC) — the use of statistically based tools and techniques for the management and improvement of processes. This was the origin of the modern quality movement, including Six Sigma.

In 1927, a Bell team headed by Herbert E. Ives successfully transmitted long-distance 128-line television images of Secretary of Commerce Herbert Hoover from Washington to New York. In 1928 the thermal noise in a resistor was first measured by John B. Johnson, and Harry Nyquist provided the theoretical analysis. (This is now referred to as "Johnson noise".) During the 1920s, the one-time pad cipher was invented by Gilbert Vernam and Joseph Mauborgne at the laboratories. Bell Labs' Claude Shannon later proved that it is unbreakable.

1930s[link]

Reconstruction of the directional antenna used in the discovery of radio emission of extraterrestrial origin by Karl Guthe Jansky at Bell Telephone Laboratories in 1932.

In 1931, a foundation for radio astronomy was laid by Karl Jansky during his work investigating the origins of static on long-distance shortwave communications. He discovered that radio waves were being emitted from the center of the galaxy. In 1931 and 1932, experimental high fidelity, long playing, and even stereophonic recordings were made by the labs of the Philadelphia Orchestra, conducted by Leopold Stokowski.^[9] In 1933, stereo signals were transmitted live from Philadelphia to Washington, D.C. In 1937, the vocoder, the first electronic speech synthesizer was invented and demonstrated by Homer Dudley. Bell researcher Clinton Davisson shared the Nobel Prize in Physics with George Paget Thomson for the discovery of electron diffraction, which helped lay the foundation for solid-state electronics.

1940s[link]

The first transistor, a point-contact germanium device, was invented at Bell Laboratories in 1947. This image shows a replica.

In the early 1940s, the photovoltaic cell was developed by Russell Ohl. In 1943, Bell developed SIGSALY, the first digital scrambled speech transmission system, used by the Allies in World War II.

Bell Labs Quality Assurance Department gave the world and the United States such statisticians as Walter A. Shewhart, W. Edwards Deming, Harold F. Dodge, George Edwards, Harry Romig, R. L. Jones, Paul Olmstead, E.G.D. Paterson, and Mary N. Torrey. During World War II, Emergency Technical Committee - Quality Control, drawn mainly from Bell Labs' statisticians, was instrumental in advancing Army and Navy ammunition acceptance and material sampling procedures.

In 1947, the transistor, probably the most important invention developed by Bell Laboratories, was invented by John Bardeen, Walter Houser Brattain, and William Bradford Shockley (and who subsequently shared the Nobel Prize in Physics in 1956). In 1947, Richard Hamming invented Hamming codes for error detection and correction. For patent reasons, the result was not published until 1950. In 1948, "A Mathematical Theory of Communication", one of the founding works in information theory, was published by Claude Shannon in the Bell System Technical Journal. It built in part on earlier work in the field by Bell researchers Harry Nyquist and Ralph Hartley, but it greatly extended these. Bell Labs also introduced a series of increasingly complex calculators through the decade. Shannon was also the founder of modern cryptography with his 1949 paper Communication Theory of Secrecy Systems.

Calculators[link]

• Model I: A Complex Number Calculator, completed January 1940, for doing calculations of complex numbers. See George Stibitz.
• Model II: Relay Calculator or Relay Interpolator, September 1943, for aiming anti-aircraft guns
• Model III: Ballistic Computer, June 1944, for calculations of ballistic trajectories
• Model IV: Bell Laboratories Relay Calculator, March 1945, a second Ballistic Computer
• Model V: Bell Laboratories General Purpose Relay Calculator, of which two were built, July 1946 and February 1947, which were general-purpose programmable computers using electromechanical relays
• Model VI: November 1950, an enhanced Model V

1950s[link]

In 1952 William Gardner Pfann revealed the method of zone melting which enabled semiconductor purification and level doping.

The 1950s also saw developmental activity based upon information theory. The central development was binary code systems. Efforts concentrated more precisely on the Laboratories' prime mission of supporting the Bell System with engineering advances including N-carrier, TD Microwave radio relay, Direct Distance Dialing, E-repeaters, Wire spring relays, and improved switching systems. Maurice Karnaugh, in 1953, developed the Karnaugh map as a tool to facilitate management of Boolean algebraic expressions. In 1954, The first modern solar cell was invented at Bell Laboratories. As for the spectacular side of the business, in 1956 TAT-1, the first transatlantic telephone cable was laid between Scotland and Newfoundland, in a joint effort by AT&T, Bell Laboratories, and British and Canadian telephone companies. A year later, in 1957, MUSIC, one of the first computer programs to play electronic music, was created by Max Mathews. New greedy algorithms developed by Robert C. Prim and Joseph Kruskal, revolutionized computer network design. In 1958, the laser was first described, in a technical paper by Arthur Schawlow and Charles Hard Townes.

1960s[link]

In 1960, Dawon Kahng and Martin Atalla invented the metal oxide semiconductor field-effect transistor (MOSFET); the MOSFET has achieved electronic hegemony and sustains the large-scale integrated circuits (LSIs) underlying today's information society. In 1962, the electret microphone was invented by Gerhard M. Sessler and James Edward Maceo West. In 1964, the Carbon dioxide laser was invented by Kumar Patel. In 1965, Penzias and Wilson discovered the Cosmic Microwave Background, for which they were awarded the Nobel Prize in Physics in 1978. Frank W. Sinden, Edward E. Zajac, Kenneth C. Knowlton, and A. Michael Noll made computer-animated movies during the early to mid 1960s. The first digital computer art was created in 1962 by Noll. In 1966, Orthogonal frequency-division multiplexing (OFDM), a key technology in wireless services, was developed and patented by R. W. Chang. In 1968, Molecular beam epitaxy was developed by J.R. Arthur and A.Y. Cho; molecular beam epitaxy allows semiconductor chips and laser matrices to be manufactured one atomic layer at a time. In 1969, the UNIX operating system was created by Dennis Ritchie and Ken Thompson. From 1969 to 1971, Aaron Marcus, the first graphic designer in the world to work with computer graphics, researched, designed, and programmed a prototype interactive page-layout system for the Picturephone (TM). The Charge-coupled device (CCD) was invented in 1969 by Willard Boyle and George E. Smith, for which they were awarded the Nobel Prize in Physics in 2009. In the 1960s, the New York City site was sold and became the Westbeth Artists Community complex.

1970s[link]

The C programming language was developed at Bell Laboratories in 1970

The 1970s and 1980s saw more and more computer-related inventions at the Bell Laboratories as part of the personal computing revolution. In 1970 Dennis Ritchie developed the compiled C programming language as a replacement for the interpretive B which was then used in rewriting the UNIX operating system (also developed at Bell Laboratories by Ritchie and Ken Thompson). Additionally, the AWK programming language was designed and implemented by Alfred Aho, Peter Weinberger, and Brian Kernighan of Bell Laboratories.

In 1970, A. Michael Noll patented a tactile, force-feedback system, coupled with interactive stereoscopic computer display. In 1971, an improved task priority system for computerized switching systems for telephone traffic was invented by Erna Schneider Hoover, who received one of the first software patents for it. In 1976, Fiber optics systems were first tested in Georgia and in 1980, the first single-chip 32-bit microprocessor, the BELLMAC-32A was demonstrated. It went into production in 1982.

The 1970s also saw a major central office technology evolve from crossbar electromechanical relay-based technology and discrete transistor logic to Bell Labs-developed thick film hybrid and transistor-transistor logic (TTL), stored program-controlled switching systems; 1A/#4 TOLL Electronic Switching Systems (ESS) and 2A Local Central Offices produced at the Bell Labs Naperville and Western Electric Lisle, Illinois facilities. This technology evolution dramatically reduced the floor space required. The new ESS also came with its own diagnostic software that required only a switchman and several frame technicians to maintain. The technology was often touted in the Bell Labs Technical Journals and Western Electric magazine (WE People).^{[citation needed]}

1980s[link]

In 1980, the TDMA and CDMA digital cellular telephone technology was patented. In 1982, Fractional quantum Hall effect was discovered by Horst Störmer and former Bell Laboratories researchers Robert B. Laughlin and Daniel C. Tsui; they consequently won a Nobel Prize in 1998 for the discovery. In 1983, the C++ programming language was developed by Bjarne Stroustrup as an extension to the original C programming language also developed at Bell Laboratories.

In 1984, the first photoconductive antennas for picosecond electromagnetic radiation were demonstrated by Auston and others. This type of antenna became an important component in terahertz time-domain spectroscopy. In 1984, the Karmarkar Linear Programming Algorithm was developed by mathematician Narendra Karmarkar. Also in 1984, a divestiture agreement signed in 1982 with the American Federal government forced the break-up of AT&T: Bellcore (now Telcordia Technologies) was split off from Bell Laboratories to provide the same R&D functions for the newly created local exchange carriers. AT&T also was limited to using the Bell trademark only in association with Bell Laboratories. Bell Telephone Laboratories, Inc. became a wholly owned company of the new AT&T Technologies unit, the former Western Electric. The 5ESS Switch was developed during this transition. In 1985, laser cooling was used to slow and manipulate atoms by Steven Chu and team. In 1985, the AMPL modeling language was developed by Robert Fourer, David M. Gay and Brian Kernighan at Bell Laboratories. Also in 1985, Bell Laboratories was awarded the National Medal of Technology "For contribution over decades to modern communication systems". During the 1980s, the Plan 9 operating system was developed as a replacement for Unix which was also developed at Bell Laboratories in 1969. Development of the Radiodrum, a three dimensional electronic instrument. In 1988, TAT-8 became the first fiber optic transatlantic cable.

1990s[link]

In 1990, WaveLAN, the first wireless local area network (WLAN) was developed at Bell Laboratories. Wireless network technology would not become popular until the late 1990s and was first demonstrated in 1995.^{[dubious – discuss]} In 1991, the 56K modem technology was patented by Nuri Dağdeviren and his team. In 1994, the quantum cascade laser was invented by Federico Capasso, Alfred Cho, Jerome Faist and their collaborators and was later greatly improved by the innovations of Claire Gmachl. Also in 1994, Peter Shor devised his quantum factorization algorithm. In 1996, SCALPEL electron lithography, which prints features atoms wide on microchips, was invented by Lloyd Harriott and his team. The Inferno operating system, an update of Plan 9, was created by Dennis Ritchie with others, using the new concurrent Limbo programming language. A high performance database engine (Dali) was developed which became DataBlitz in its product form.^[10]

AT&T spun off Bell Laboratories, along with most of its equipment-manufacturing business, into a new company named Lucent Technologies. AT&T retained a smaller number of researchers, who made up the staff of the newly created AT&T Labs. In 1997, the smallest practical transistor (60 nanometers, 182 atoms wide) was built. In 1998, the first optical router was invented^{[dubious – discuss]}.

2000s[link]

2000 was an active year for the Laboratories, in which DNA machine prototypes were developed; progressive geometry compression algorithm made widespread 3-D communication practical; the first electrically powered organic laser invented; a large-scale map of cosmic dark matter was compiled, and the F-15 (material), an organic material that makes plastic transistors possible, was invented.

In 2002, physicist Jan Hendrik Schön, was fired after his work was found to contain fraudulent data. It was the first known case of fraud at Bell Labs.

In 2003, the New Jersey Institute of Technology Biomedical Engineering Laboratory was created at Murray Hill, New Jersey.^[11]

In 2005, Dr. Jeong Kim, former President of Lucent's Optical Network Group, returned from academia to become the President of Bell Laboratories.

In April 2006, Bell Laboratories' parent company, Lucent Technologies, signed a merger agreement with Alcatel. On December 1, 2006, the merged company, Alcatel-Lucent, began operations. This deal raised concerns in the United States, where Bell Laboratories works on defense contracts. A separate company, LGS Innovations, with an American board was set up to manage Bell Laboratories' and Lucent's sensitive U.S. Government contracts.

In December 2007, it was announced that the former Lucent Bell Laboratories and the former Alcatel Research and Innovation would be merged into one organization under the name of Bell Laboratories. This is the first period of growth following many years during which Bell Laboratories progressively lost manpower due to layoffs and spin-offs making the company shut down for a short period of time.

As of July 2008, however, only four scientists remained in physics basic research, according to a report by the scientific journal Nature.^[12]

On August 28, 2008, Alcatel-Lucent announced it was pulling out of basic science, material physics, and semiconductor research, and it will instead focus on more immediately marketable areas, including networking, high-speed electronics, wireless networks, nanotechnology and software.^[13]

See also[link]

• Alcatel-Lucent—Parent company of Bell Laboratories
• Bell System Technical Journal—Published scientific journal of Bell Laboratories (1922–1983)
• Bell Labs Technical Journal—Published scientific journal of Bell Laboratories (1996–present)
• Bell Labs Holmdel Complex
• History of mobile phones—Bell Laboratories conception and development of cellular phones
• High speed photography & Wollensak—Fastax high speed (rotating prism) cameras developed by Bell Labs
• Arun Netravali—Bell Laboratories engineer—former president of Bell Laboratories
• Sound film—Westrex sound system for cinema films developed by Bell Labs
• Walter A. Shewhart—Bell Laboratories engineer—"father of statistical quality control"
• George Stibitz—Bell Laboratories engineer—"father of the modern digital computer"
• "Worse is Better"—A software design philosophy also called "The New Jersey Style" under which UNIX and C were supposedly developed

References[link]

Further reading[link]

• Tompkins, Dave. Sharks With Frickin' Laser Beams Attached to Their Heads: Inside the Egghead Circus at Bell Labs (book review of The Idea Factory), Slate, March 31, 2012.

• Interview with Jon Gertner, author of "The Idea Factory:Bell Labs and the Great Age of American Innovation www.booktv.com

External links[link]

• Bell Labs
• Timeline of discoveries as of 2006
• Bell Labs' Murray Hill anechoic chamber
• Bell Laboratories and the Development of Electrical Recording

Coordinates: 40°41′00″N 74°24′03″W / 40.683404°N 74.400744°W / 40.683404; -74.400744

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Eric Schmidt
Eric Schmidt at the 37th G8 summit in 2011.
Born	(1955-04-27) April 27, 1955 (age 57) Washington, D.C., United States
Residence	Atherton, California, U.S.
Alma mater	Princeton University University of California, Berkeley
Occupation	Software engineer, businessman
Salary	$1.25 million in 2012[1]
Net worth	US$ 6.9 billion (2012)[2]
Title	Executive Chairman of Google
Website
Google.com - Eric Schmidt

Eric Emerson Schmidt (born April 27, 1955) is an American software engineer, businessman and the current executive chairman of Google.^[3] From 2001 to 2011, he served as the chief executive of Google.

Additionally, Schmidt was a former member on the board of directors for Apple Inc. and sat on the boards of trustees for both Carnegie Mellon University and Princeton University.^[4][5][6]

Along with Mike Lesk, Schmidt co-authored the lex analysis software program for the Unix computer operating system.

Biography[link]

Schmidt was born in Washington, D.C., and grew up in Blacksburg, Virginia, United States. After graduating from Yorktown High School,^[7] Schmidt attended Princeton University where he earned a B.S. in electrical engineering in 1976.^[8] At the University of California, Berkeley, he earned an MS in 1979 for designing and implementing a network linking the campus computer center, the CS and the EECS departments,^[9] and a PhD in 1982 in EECS with a dissertation about the problems of managing distributed software development and tools for solving these problems.^[10] He was joint author of lex (a lexical analyzer and an important tool for compiler construction). He taught at Stanford Graduate School of Business as a part time professor.^[11]

Schmidt and his wife Wendy lived in Atherton, California in 1999.^[12] In 2011, he was reported to be dating Lisa Shields, a communications executive for the Council on Foreign Relations, a New York-based foreign policy think tank.^[13].

He was on the list of ARTnews 200 top art collectors in 2008.^[14]

He is also a member of the Bilderberg Group and attended the Swiss 2011 Bilderberg conference in St. Moritz, Switzerland.^[15][16]

The Eric Schmidt Family Foundation[link]

The Eric Schmidt Family Foundation addresses issues of sustainability and the responsible use of natural resources. Wendy and Eric Schmidt, working with Heart Howerton, a San Francisco architectural firm that specializes in large-scale land use, have inaugurated several projects on the island of Nantucket that seek to sustain the unique character of the island, and to minimize the impact of seasonal visitation on the island's core community. Wendy Schmidt offered the prize purse of the Wendy Schmidt Oil Cleanup X CHALLENGE, a challenge award for efficient capturing of crude oil from seawater motivated by the Deepwater Horizon oil spill.^[17]

Career[link]

Early career[link]

Early in his career, Schmidt held a series of technical positions with IT companies, Byzromotti Design, including Bell Labs, Zilog and Xerox’s famed Palo Alto Research Cente (PARC).

From Sun to Google[link]

Schmidt joined Sun Microsystems in 1983 as its first software manager. He rose to become director of software engineering, vice president and general manager of the software products division, vice president of the general systems group, and president of Sun Technology Enterprises.^[18]

During his time at Sun he was the butt of two notable April Fool's Day pranks. In the first his office was taken apart and rebuilt on a platform in the middle of a pond complete with working phone. The next year a working Volkswagen Bug was taken apart and re-assembled in his office.

In April 1997, he became CEO and chairman of the board of Novell. Schmidt left Novell after the acquisition of Cambridge Technology Partners.

Google founders Larry Page and Sergey Brin interviewed Schmidt. Impressed by him,^[19] they recruited Schmidt to run their company in 2001 under the guidance of venture capitalists John Doerr and Michael Moritz.

Google[link]

Schmidt joined Google's board of directors as chairman in March 2001 and became the company's CEO in August 2001. At Google, Schmidt shared responsibility for Google's daily operations with founders Page and Brin. As indicated by page 29 of Google's 2004 S-1 Filing^[20] Schmidt, Page, and Brin ran Google as a triumvirate. Schmidt had legal responsibilities typically assigned to the CEO of a public company and focused on management of the vice presidents and the sales organization.

According to Google's website, Schmidt also focuses on "building the corporate infrastructure needed to maintain Google's rapid growth as a company and on ensuring that quality remains high while product development cycle times are kept to a minimum."^[21]

In 2007, PC World ranked Schmidt as the first on the list of the 50 most important people on the web, along with Google co-Founders Larry Page and Sergey Brin.^[22]

In 2009, Schmidt was considered one of the "TopGun CEOs" by Brendan Wood International, an advisory agency.^[23][24]

On January 20, 2011, Google announced that Schmidt would step down as CEO of Google, but continue as the executive chairman of the company, and act as an adviser to co-founders Page and Brin. Page replaced Schmidt as CEO on April 4, 2011. ^[25]

The 2011 book In the Plex: How Google Thinks, Works, and Shapes Our Lives by Steven Levy claims that in 2001, Schmidt requested that a political donation he made be removed from Google search results. The request was not fulfilled. Schmidt has denied this ever occurred.^[26]

Apple[link]

Schmidt was elected to Apple's board of directors on August 28, 2006.^[27] On August 3, 2009, it was announced that Schmidt would resign from the board of directors at Apple due to conflicts of interest amid the growing competition between Google and Apple.^[4]

President Barack Obama[link]

Schmidt was a campaign advisor and major donor to Barack Obama, and when he announced he was leaving that perch, he planned to remain at the forefront of Google’s government relations team. Obama has even considered him for Commerce Secretary.^[28] Schmidt was an informal advisor to the Obama presidential campaign and began campaigning the week of October 19, 2008, on behalf of the candidate.^[29] He had been mentioned as a possible candidate for the chief technology officer position which Obama created in his administration.^[30] After Obama won, Schmidt was a member of President Obama's transition advisory board. He proposed that the easiest way to solve all of the problems of the United States at once, at least in the domestic policy, is by a stimulus program that rewards renewable energy and, over time, attempts to replace fossil fuels with renewable energy.^[31] He has since become a new member of the President's Council of Advisors on Science and Technology PCAST.^[32]

New America Foundation[link]

The New America Foundation is a non-profit public policy institute and think tank, founded in 1999. Schmidt is the current chairman of the board of directors. He succeeded founding chairman James Fallows in 2008.^[33]

Innovation Endeavors[link]

Founded in 2010 by Google Chairman Eric Schmidt and Dror Berman, Innovation Endeavors is an early stage venture fund focused on advancing the world by providing high-impact entrepreneurs with the capital, coaching and network to build game-changing ventures. Innovation Endeavors has invested in more than 30 companies around the world in various industries. The firm is based in Palo Alto, USA. ^[34]

Compensation[link]

Upon being hired at Google, Eric Schmidt was paid a salary of $250,000, and an annual performance bonus. He was granted 14,331,703 shares of class B common stock at 30 cents per share, and 426,892 shares of Series C preferred stock at purchase price of $2.34.^[35]

Schmidt and the Google founders agreed to a base salary of $1 in 2004 (which continued through 2010), with other compensation of $557,465 in 2006,^[36] $508,763 in 2008 and $243,661 in 2009. He did not receive any additional stock, or options in 2009 or 2010.^[37][38] Most of his compensation was for "personal security" and charters of private aircraft.^[38] Schmidt is one of the few people who became billionaires (in United States dollars) based on stock options received as an employee in a corporation of which he was neither the founder nor a relative of the founder.^[39] In its 2011 'World's Billionaires' list, Forbes ranked Schmidt as the 136th richest person in the world, with an estimated wealth of $7 billion.^[2] Google gave him $100 million in 2011 as a parting gift.^[40]

Views[link]

During an interview which aired on December 3, 2009, on the CNBC documentary "Inside the Mind of Google", Schmidt was asked, "People are treating Google like their most trusted friend. Should they be?" His reply was: "I think judgment matters. If you have something that you don’t want anyone to know, maybe you shouldn’t be doing it in the first place, but if you really need that kind of privacy, the reality is that search engines including Google do retain this information for some time, and it’s important, for example, that we are all subject in the United States to the Patriot Act. It is possible that, that information could be made available to the authorities." ^[41][42] At the Techonomy conference on August 4, 2010, Schmidt expressed that technology is good, but he said that the only way to manage the challenges is "much greater transparency and no anonymity." Schmidt also stated that in an era of asymmetric threats, "true anonymity is too dangerous." ^[43]

In August 2010, Schmidt clarified his company's views on network neutrality: "I want to be clear what we mean by Net neutrality: What we mean is if you have one data type like video, you don't discriminate against one person's video in favor of another. But it's okay to discriminate across different types, so you could prioritize voice over video, and there is general agreement with Verizon and Google on that issue."^[44]

According to PCWorld Schmidt also expressed the following sentiment: "if you don’t have anything to hide, you have nothing to fear" ^[45]

See also[link]

• List of billionaires
• 70/20/10 Model — business model advocated by Schmidt^[46]
• RechargeIT

References[link]

• "Google Boss Dates P.R. Beauty". New York Post. July 28, 2011. http://www.nypost.com/p/pagesix/google_boss_dates_beauty_nb2QK0SyBVOuJ4ZNlV5gCP. 

External links[link]

Wikimedia Commons has media related to: Eric E. Schmidt

• Eric Schmidt on Google+
• Eric Schmidt on Twitter
• Appearances on C-SPAN
• Eric Schmidt on Charlie Rose
• Eric Schmidt at the Internet Movie Database
• Eric Schmidt collected news and commentary at The Guardian
• Eric Schmidt collected news and commentary at The New York Times
• Eric Schmidt collected news and commentary at The Wall Street Journal

Speeches

• Eric Schmidt and Larry Page speaking at Stanford (May 1, 2002)
• Eric Schmidt talks about innovation on Executive Talks, November 2006
• Schmidt-ceo-of-google.html Eric Schmidt interview by iinnovate, March 2007^{[dead link]}
• YouTube: Eric Schmidt at the Seoul Digital Forum. (2007.06.05)
• Eric Schmidt speaks as part of NASA 50 years Lecture Series, January 17, 2008
• Mobile World Congress 2010 Keynote: Eric Schmidt, CEO, Google(Feb 2010)
• iTunes: Google making of a modern company.^[when?]

Articles

• CNET: Google balances privacy, reach (July 14, 2005), which uses Eric Schmidt as an example of the personal information held by Google.
• Princeton University Board of Trustees^{[dead link]}