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Google co-founders clash over $100M campaign against California billionaire tax

Former Google CEO Eric Schmidt and co-founder Sergey Brin are reportedly in disagreement over the strategy and spending of a $100 million campaign against California's Proposition 40, a proposed billionaire wealth tax. Schmidt is reportedly frustrated by the coalition's perceived ineffectiveness, particularly its failure to prevent Democratic endorsement of the tax and the rejection of related counter-measures. The dispute also involves the allocation of funds, with Schmidt preferring a singular focus on the wealth tax, while contributions are also being used to oppose other environmental and policy measures. AI

RANK_REASON The article discusses a dispute between two prominent figures regarding political campaign spending, rather than a direct release or policy change.

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Google co-founders clash over $100M campaign against California billionaire tax

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Joshua Hong ·

    Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California’s billionaire tax is spent

    The former Google CEO is disgruntled with the use of his funding for other measures that are not focused on California's Proposition 40.