The Washington Post reports:
Google chief executive Eric Schmidt favors net neutrality, but only to a point: While the tech player wants to make sure that telecommunications giants don’t steer Internet traffic in a way that would favor some devices or services over others, he also believes that it would be a terrible idea for the government to involve itself as a regulator of the broader Internet.
“It is possible for the government to screw the Internet up, big-time,” he said. Google is strong enough as a company to weather any possible outcome on the issue, he said. But what he worries about “is the next start-up.”
In other words, Google is concerned about regulation (and rightly so, of course), but they do support regulation when it favors them.