Earlier quoted context omitted.
Speaking of Apple. Perhaps for personal reasons PG omits to mention the business trajectory and the personality of the leaders.This includes the element of luck that is far greater component of success that a culture, even the hacker culture. This doesn't mean that the culture is not important but you cant have an argument about "what went wrong with Yahoo" without "what went right with Yahoo" or Google, etc. In case…
Eric Schmidt is a hacker... He even wrote lex.
Lex − A Lexical Analyzer Generator
http://staff.ustc.edu.cn/~shzhang/staff/lesk-lex.pdf
and Google's Eric E Schmidt was only 20 at that time according to Wikipedia: http://en.wikipedia.org/wiki/Eric_E._Schmidt
He got BSEE on Princeton in 1976. OK, both Bell Labs and Princeton are in New Jersey, but it's still quite impressive to be the developer of lex in Bell Labs as a 20-year old Princeton student.
Of course even more impressive is being 129th richest person in the world in 2006.