Assertion certainty 4/5 debate potential 1/5

Schmidt: Many Google AI, search, and maps initiatives came from 20% time

Eric Schmidt · Eric Schmidt (former Google CEO): Innovation is managed chaos · May 12, 2023 · at 20:02

Former Google CEO Eric Schmidt discusses how Google's policy of allowing employees 20% time to explore side projects fueled core company innovations.

0:00 / 0:13exact quote · 13.0s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Many, many initiatives in the company have come out of 20% time ideas. Much of the mapping work, many of the search ideas, many of the advertising Many of now the AI work have come from people working and practicing in new areas.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Eric Schmidt

Insight
Schmidt: Companies must roll back 'bring your whole self to work'
“So now what has happened is there's been this view that you should bring your whole self to work. And now we're being forced to crawl that back because your whole self is maybe not what we want in work.”
Eric Schmidt Aug 17, 2023 ▶ 6:21 How great cultures are built and rebuilt | Masters of Scale
Opinion
Eric Schmidt: Companies are walking back 'bring your whole self to work'
“So now what has happened is there's been this view that you should bring your whole self to work, and now we're being forced to crawl that back because your whole self is maybe not what we want in work.”
Eric Schmidt Sep 18, 2024 ▶ 5:37 How to transform a company’s culture (stories from Apple, Google & Uber) | Masters of Scale 2022
Insight
Schmidt: Startups must hire the smartest people and tolerate difficult personalities
“Hire the smartest people you possibly can and put up with them, right? And we all understand what that means, right? But you really need them for competitive advantage.”
Eric Schmidt Sep 18, 2024 ▶ 24:47 How to transform a company’s culture (stories from Apple, Google & Uber) | Masters of Scale 2022
Assertion Not checkable as stated
Schmidt: 80% of management turns over in a corporate turnaround
“The number is 80% of the management team will turn over in a turnaround.”
Eric Schmidt Aug 17, 2023 ▶ 11:23 How great cultures are built and rebuilt | Masters of Scale
Insight
Schmidt: Leaders have six to nine months to change company culture
“The other thing I learned, and this is from Lou Gerstner, Who said, who had written a whole book on this, and his IBM turnaround, he said, you only have six to nine months to change the culture of a company before you're stuck with it.”
Eric Schmidt Aug 17, 2023 ▶ 17:26 How great cultures are built and rebuilt | Masters of Scale
Insight
Schmidt: Cross-functional 'glue people' add little value and are unnecessary
“And glue people are very nice people who sit between functions and help either side, but don't themselves add a lot of value. And I thought, these are nice people, but we don't really need them. We can have these groups talking directly.”
Eric Schmidt May 12, 2023 ▶ 25:47 Eric Schmidt (former Google CEO): Innovation is managed chaos
Made with StarZero

Turn any episode into a week of clips.

This entire site, about 200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.