When Google did a deal with Verizon though, they lost everything (emphases mine) ...
Marvin Ammori: Google-Verizon Pact: Makes BP Look GoodFixed rate fines are one of the great scams of American government. A true fine would max out at 30% of Google's yearly revenue.
A lot of people have been discussing the Verizon-Google pact, including venture capitalists (on NYT's Room for Debate) and Silicon Valley companies. Most people agree: Google does evil, calls it net neutrality.
Last week I wrote up a guide of the FCC negotiations on net neutrality, setting out all the loopholes, and noting that the carriers needed only one loophole to kill an open Internet. Verizon and Google announced their pact two days ago. Rather than including one loophole, they went down the checklist and included just about every loophole they could.
Maybe the most ridiculous one--which has received almost no attention--is something I didn't mention last week. It's the liability limit. The maximum fine for a violation, after all the loopholes are met, is $2 million dollars...
This Taiwanese video is now quite plausible.
Schmidt is a lesser version of Microsoft's Steve Ballmer. If Google doesn't dump him he'll take them down.