Google's Schmidt to testify to Senate over its Internet dominance

Eric Schmidt, Google's (Nasdaq: GOOG) chairman, will address questions from the Senate Antitrust Subcommittee about its dominant role in the Internet.

Up till now, Google has been apprehensive about having Schmidt or other top management executives testify as the Internet search company is being met with a number of inquiries about how it conducts business. However, panel members, which asked that either Schmidt or CEO Larry Page testify, said they would subpoena a Google executive to talk to them if need be.  

Sen. Herb Kohl (D-Wisc.), chairman of the subcommittee, said on Friday that Google agreed to speak with the Senate Antitrust Subcommittee.  

"We look forward to Eric Schmidt's participation at our Antitrust Subcommittee hearing in September," Sen. Kohl said in a statement. "This will allow us to have a truly informational and thorough public hearing."

Although the Senate has not set a specific date for the hearing, the Senate said it will happen sometime in September.

For more:
- The Wall Street Journal has this article

Related articles:
Google's Page reveals little on 1Q earnings call
Google CEO Schmidt 'nudged' aside as co-founder Page named chief exec
Google shakes up management in effort to avoid stodginess
Analysts see Google earnings call as insight into company's future plans

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