Google chairman Eric Schmidt offered some candid remarks when venture capitalist Peter Thiel asserted the search company has no creativity as to what to do with its $50+ billion cash hoard. Google is like a bank that generates an enormous cash flow, but it's no longer a technology company, that's Thiel's challenge to Schmidt. Watch him destroy Google's chairman in a video embedded right after the break and feel free to opine down in the comments...
Watch Schmidt falter when challenged Google is no longer a tech company