Now that's lazy thinking. No one accused Google or Verizon or of not having "many people" that do serious research.
Personally, I see absolutely no problem with what he did, he has a family and his future to worry about. After all these years he deserves to make a lot of money money and not have to worry about money anymore. Those that criticize him for "selling out" will probably sell their start-up to just about anyone for FU money.
What I find not true, especially in the past year or two is this:
"My impression of Google's leadership, employees, and choice of projects often leads me to believe that they sell ads so they can continue making really cool stuff - not that they try to come up with cool stuff so that they can sell ads."
Part of my job requires me to surf without ad-blockers and with Chrome. There's no trick in the book they do not use to make you click on ads or sign for their services. Even Chrome, the "open source" the supposed savior of the web now has ads. It totally changed my perception of them, and it's not like Google was struggling to pay their electricity bill. As a commercial enterprise, Google has the right to do that, however they cannot have their cake and eat it too.