Nestled in between the news of some excellent quarterly earnings — namely a 29 percent increase in profit and revenue — Google dropped a bombshell on unsuspecting shareholders: Eric Schmidt will turn over the CEO reins to Larry Page, who will handle the company’s day-to-day operations. Schmidt will stay on as executive chairman, while Co-founder Sergey Brin will focus on strategic projects. The three have been working together for 10 years, equally involved in the company, and they will continue to make the big decisions together, said Schmidt.
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Thanks, Pop - We'll Take It From Here
Posted by: Erika Morphy January 21, 2011 11:12 AMNestled in between the news of some excellent quarterly earnings — namely a 29 percent increase in profit and revenue — Google dropped a bombshell on unsuspecting shareholders: Eric Schmidt will turn over the CEO reins to Larry Page, who will handle the company’s day-to-day operations. Schmidt will stay on as executive chairman, while Co-founder Sergey Brin will focus on strategic projects. The three have been working together for 10 years, equally involved in the company, and they will continue to make the big decisions together, said Schmidt.