Google’s Schmidt: I Was Late to Social Media Revolution

Eric Schmidt, the executive chairman of Google, said he regrets coming to the social media revolution late during his ten years as the company’s CEO.

Schmidt, who stepped down as CEO in 2011, said he was proud of Google’s achievements in the past decade.

“The source of pride for me personally is the power of information is so dramatic, that you really do touch people’s lives when you give them the answers to the things they care about,” Schmidt said in an interview with CNBC-TV 18 in India. “I can’t think of a better way to spend a decade.”

He added that his biggest mistake, however, was not seeing the social media revolution soon enough, something he took personal responsibility for. However, he said, that with Google Plus the company was well in touch.

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