"He said he recently looked up memos
he wrote four years ago about Google needing to address online identity," according to All Things D. "I clearly knew that I had to do something, and I failed to do it," Schmidt -- now Google's
chairman -- said. "A CEO should take responsibility. I screwed up."
During Schmidt's time as CEO, Google tried to secure a search partnership with Facebook, but the social network ultimately chose to tie up with Microsoft instead. What's Facebook's greatest asset? Other than its sheer size, Schmidt said: "It's the first generally available way of disambiguating identity" online.