Here's a snippet:
By any measure, Google treats employees incredibly well. Is it possible to treat them too well?
Page: My grandfather worked in the auto plants in Flint, Mich. He was an assembly-line worker. During the sit-down strikes he used to carry this long iron pipe with a big chunk of lead on the end when he walked to work.
Schmidt: For what reason?
Page: To protect himself from the company. I still have the hammer. That's two generations ago, and we've come a long way. I don't think any of our employees have to carry such weapons to work. At least I hope they don't. But that's a big change in two generations. It's common sense: Happy people are more productive.
It's worth noting that Google is not a union shop and likely won't be, even as they spread into the media sector. Just sayin'.