Breaking: Just saw this, wow, Eric Schmidt is stepping down as CEO of Google to be replaced by Larry Page. From CNN: “We’ve been talking about how best to simplify our management structure and speed up decision making for a long time,” Schmidt said in a prepared statement. “By clarifying our individual roles we’ll create clearer responsibility and accountability at the top of the company.”
The rumor mill is saying that Schmidt is going to take over an ailing Steve Jobs’ role as CEO of Apple.
“Second, we must attend to the development of mobile money. Phones, as we know, are used as banks in many poorer parts of the world—and modern technology means that their use as financial tools can go much further than that.”
You may also remember the deal with AT&T, Verizon Wireless and T-Mobile creating a new mobile payments service called Isis. They have not updated their site since the announcement was made so nothing further on that for now.