google-employees.jpgGooglers are in high demand. Doug Merrill, head of internal systems, has just moved over to EMI (while it’s tempting, after a recent senior departure or two, to start talking about a brain drain, the Google talent-magnet is still exerting Silicon Valley’s strongest pull.)

But how hard should other companies try to lure away Google talent? A prominent Silicon Valley headhunter I spoke to this week offered a contrarian view: that Google is like Microsoft in the 1990s, or IBM in the 1980s. It is so dominant in a particular market that it can’t help making money. That has created what this headhunter describes as a “Google bubble.”

What happens when you release Googlers from the bubble? Like Microsofties and IBMers before them, they are likely to take time readjusting to the “real world”, this person says. It’s easy, when you work for a company that has discovered modern capitalism’s version of the golden goose, to think that somehow you had something to do with it.

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