Schmidt's name, along with Microsoft CEO Steve Ballmer and Amazon President and CEO Jeff Bezos, has recently been floated for the position of technology czar. However, Schmidt put an end to speculation a couple of days ago when answering a question posed to him by CNBC's Jim Cramer: "I love working at Google and I'm very happy to stay at Google, so the answer is no."

The person in the new cabinet-level position would be charged with exploring how technology could be used and promulgated to create new jobs and restore the U.S.' competitiveness worldwide.

For Schmidt's part, his reluctance to leave Google has not precluded involvement in helping to shape economic policy. Last week, he went to Chicago to serve as part of Obama's 17-person economic transition economic advisory board. The group discussed various ways of dealing with the continuing financial crisis.

By: DocMemory
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