On Tuesday, Google co-founders Larry Page and Sergey Brin announced they would step down as the top executives at Alphabet, Google’s parent company. Sundar Pichai, who is currently the CEO of Google, will also now be the CEO of Alphabet, whose subsidiaries also include the company’s “other bets,” like Waymo and Sidewalk Labs. What’s striking, however, might not be that Page are Brin and leaving their roles now—but that, based on their increased absence from the company, it didn’t happen sooner.
Here’s how they put it: “Today, in 2019, if [Alphabet] was a person, it would be a young adult of 21 and it would be time to leave the roost,” Page and Brin wrote in a. “While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents—offering advice and love, but not daily nagging!”
Brin’s former role as president and Page’s former role as CEO at Alphabet will now be consolidated into one position, which Pichai is set to helm. “Alphabet and Google no longer need two CEOs and a President,” the letter reads. The co-founders say they plan to talk to Pichai regularly and will remain as shareholders board members who controlThe two co-founders met at Stanford University in 1995 and launched Google in 1998.
Good
It's a 'Don't get turned into Zuck in the public eye' play.
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Source: politico - 🏆 381. / 59 Read more »