Eric Schmidt in an email to the New York Times explained some of his thoughts on the kind of management style needed in today's "information overflow" landscape:

http://www.nytimes.com/2007/12/16/technology/16ericmemo-web.html?_r=2&oref=slogin&oref=slogin

[Via http://searchengineland.com/071217-122927.php]

Compare that article to this speech he gave exactly 6 years ago at the Mountain View Computer History Museum

http://youtube.com/watch?v=KFgOGgHS0Gg

[Link formatting fixed – Tony]

Anyone know what is the 70/20/10 time split that Eric Schmidt refers to? I know about the "20% time", of course.

Roger, Marissa Mayer talked about this concept at the Google Factory Tour in May 2005. Here's the slide where Google explains how Search + Ads are their often unnoticed core ("70% of our resources and energy are placed toward core search and ads" if I hear Marissa right):

http://blogoscoped.com/files/google-70-20-10.png
http://blogoscoped.com/files/google-70-20-10-2.png

You can check the video here:
http://www.shareholder.com/visitors/event/build2/mediapresentation.cfm?MediaID=15873&player=1#

<< Anyone know what is the 70/20/10 time split that Eric Schmidt refers to? >>

Also mentioned here:

<< Marissa explains the 70/20/10 approach which Google uses to focus on core business and side products. 70% of all energy flows into search and advertising, 20% in related areas, and 10% are reserved for crazy ideas (Orkut being one of those 10% ideas). >>

http://blogoscoped.com/archive/2006-04-03-n65.html

Thanks Philipp and Tony for the explanation. It's interesting that the chart shows "Google Search Appliance" in the "10% reserved for crazy ideas" section.

The six-year-old speech of Eric's is a long video (90 minutes), but absolutely worth watching. In retrospect, it explains a lot of what has happened at Google and Apple in the past six years.