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Google executive chairman Eric Schmidt on the government’s investigation into its privacy policies and push for legislation on intellectual property...
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Indeed and of course how many of your viewers -- on Google it's the world's largest and most successful search engine.
And we got first reaction here on the Fox Business Network to the -- -- broke yesterday and that is.
That congress is really breathing down Google's -- to say give us more information.
On your new privacy policy.
Congress putting their noses into Google's business once again this -- happen before -- We got first reaction to that but Google of course is very hard for them to fly under the radar -- their constantly making news.
On both the privacy issue and up piracy issue again Fox Business getting first reaction all of this news today.
Right here here's what he had to say.
What we did to their privacy policies we updated to reflect the reality of the products that we're building and what customers really want.
And the great thing about it is the privacy policy is incredibly clear as to what your rights are and what information leaking news.
And in many cases you can control -- information that we have a value with some -- -- dashboard.
OK but is Google going to remain that place -- anonymous search because people search for.
Pellicano private and personal things whether it's about their health care or their finances.
It's not going to really remain -- -- it will and remember that anonymous search is that the core of people looking up information.
If you can use for example are Chrome browser there's -- in -- -- mode.
Where you don't even send any information to anyone about who you are -- we think privacy is very important.
And the current criticism is a little that misinformed.
-- make it very easy for you to be very private and we care a lot about it -- does that sort of sound like it's a knee jerk reaction or in some cases where congress loves to get attention by.
-- the Google guys up in front of advertising.
I think the Indian any investigation any Green here is good -- the facts will support that we're doing the right thing for consumers in September you had to testify -- -- -- anti trust issue it now would it be Larry Page the CEO and.
-- -- sort of off the hook aren't you.
-- I don't know the details so.
Well let's see what what comes of -- we're happy to talk the government in whatever form.
They wish we we really think that people care a lot about what we do and we want to understand why we do it and the way in which we do it and we think we respect people's privacy.
Better than anyone -- Us from privacy to piracy.
Google has come down squarely on the side of people who are battling so far the stop on on -- piracy piracy bill.
Is there some type of compromise because.
Listen people are very concerned that they come up with intellectual property that they have worked hard for and then it get out it gets out there and it's been in a -- really -- well.
It's stealing intellectual property is a crime don't do it.
Purported goal was open people list of -- focus on foreign sites where we -- -- the US laws which are good in my view.
Could not reach those foreign -- but the law as drafted ends up being censorship bill.
The other side over reach they misled people were in it.
And they managed to wake the sleeping giant so what happened was people realize that this was in -- to bill about something else we favor and continue to favor and follow the money approach.
You can't.
Prevent people from creating illegal sites and offering to let -- -- the south especially in in -- countries where the laws are not very good but what you can do is make sure they don't get paid.
Google should make money from that and our policy does not allowed nor should other American web sites nor should those sites and if they have a way of collecting money you can find.
Of the chairman and CEO of News Corp.
Rupert Murdoch of course the parent of our business network.
Had said that Google is a quote piracy leader and that some of the stuff the can be found on -- -- quote -- thievery.
And here I thought you guys were friends -- -- out what we are friends and he's simply misinformed.
Why because you -- she brings up the example of I can Google Mission Impossible and right away it's it's still on the movie theaters where people should pay for it.
You can find -- copies but not something were to take Google's code and and -- up their for free.
-- Post Co.
-- would be illegal please don't do it don't violate the law.
The fact of the matter is people who are doing illegal piracy are in fact violating the law it's illegal United States it should be legal and other illegal in other countries.
And there are tactical solutions to this -- the industry is ignoring the way the Internet works.
But finally the upshot is Eric -- back to the privacy issue telling Fox Business Network they will provide what ever information congress is requesting one other thing.
That Eric Schmidt is watching very closely aside from the fact that he'll be writing a book on social media and its role in the Arab Spring Stuart.
But he said he's watching the French elections very closely of course Nicholas Sarkozy is -- battled the moment the current president.
He said you know they have a very good relationships -- cozy with on the -- Merkel of Germany.
That's starting to see some real action in the eurozone and he said if that -- -- Be broken apart because somebody else would be brought in.
That would be something to watch is very concerned obviously about the eurozone -- back gonna do -- thank you very much -- -- -- -- -- -- we appreciate.
