Google's Eric Schmidt being considered for commerce secretary?

March 9, 2011: 10:49 PM ET

So much for "another decade at Google."

Feb 17th summit

Bloomberg this evening is reporting that the Obama administration is considering the soon to be departing CEO of Google (GOOG) for Commerce Secretary.  The role will be vacated by Gary Locke who is being appointed U.S. Ambassador to China

Pfizer (PFE) Inc. Chief Executive Officer Jeffrey Kindler  and Ron Kirk, the U.S. trade representative, are also said to be in consideration for the role.

"The president will consider a range of qualified candidates, but we are at a very early stage in the process and no decisions have been made," Jen Psaki, an administration spokeswoman, told Bloomberg

Obama last publicly met with Schmidt at the "Silicon Valley Summit" last month (pictured) and has relied on the Google chief for tech and economic advice even as his own regulators have scrutinized the online-ad behemoth. (See Obama & Google, a Love Story)

In January, Schmidt said that his "next decade at Google will be better than his previous decade," suggesting that he'll be sticking around for a while.

His next decade might be shorter than his previous decade as well.

Google gave a cheerful "no comment" when asked about the possibility.

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Seth Weintraub
Seth Weintraub

Google went from searching the Web to worming its way into nearly every facet of business and government. Seth Weintraub unveils where the company is going, who it's competing with, who it's about to compete with and how market forces push the company to veer or adhere to its Don't Be Evil motto. For 15 years, Weintraub was a global IT director for a number of companies before becoming a blogger.

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