Diary of a Love Affair: Obama & Google

Maha Atal:

The president may be critical of corporate America, but he has a soft spot for one very big business: Google. Here's how the two got so intertwined.

On election night, Schmidt is among the celebrities -- including Oprah Winfrey -- at Obama's victory rally in Chicago.

Later that week, Schmidt is named an economic adviser to Obama's transition staff, and Obama continues to rely on Googlers during his presidential transition: The president-elect appoints Andrew McLaughlin, who helps Google's Political Action Committee raise over $200,000 for Obama's campaign, to run the President's technology transition group.

Rumors swirl that Schmidt is on deck for a formal role in the administration, but he denies them. Instead, he will later accept a place on the President's Council of Advisors on Science and Technology..