Business As Usual, Three Months On
When the economy started its downward spiral in mid-September, the Chronicle asked some Bay Area businesspeople and economists for their perspectives on what was happening. Most struck a note of caution, the wait-and-see stance typical of that moment, since nobody really had any idea of what was happening.
A couple of sources seemed less worried. One, in particular, stood out by virtue of his prominence.
Eric Schmidt CEO, Google Inc., Mountain View
“If as a result of this debacle there is some huge change in the economic situation, that could affect us. My guess is the drama is in (Wall Street) and not here. It’s business as usual at Google.”
Fair enough. The drama was, to a great extent, on Wall Street. The ramifications, though, appear to be global.
Whatever business at usual may be at Google, with the benefit of hindsight, I’d say the economy’s recent state isn’t helping. Here is a chart of Google’s stock value, from June 30 to December 26, 2008:
Filed under: money, technology
Tags: Bay Area, Eric Schmidt, finance, Google, stocks
