Submitted by Jennifer L. Schenker on February 14, 2011
During his tenure as Google’s CEO Eric Schmidt attended a private meeting in Davos with a group of senior telecom executives and tried to crack a joke. “Why don’t you make all of the investment and we will take all the profits,” quipped Schmidt, according to a story making the rounds in the tech industry. Nobody in the room laughed. His stab at humour hit too close to home.
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