Maybe, but I wouldn't compare Google with Bell Labs directly.
Remember that the only reason we had access to so much of what Bell Labs invented (e.g. Unix) is due to a 1958 antitrust lawsuit which resulted in AT&T being prohibited from profiting off of the computer business entirely[0]. As a result, Bell Labs had to license all technologies (except for telephone-related services) freely.
It wasn't until 1984 when AT&T sold off Bell Labs - almost three decades later. If AT&T had been allowed to profit off of Bell Labs, we might remember Bell Labs's legacy very differently.
If Google were subject to an analogous requirement that would be one thing, but absent that legal restriction, the two situations are very different.
