Here’s something that I didn’t see coming. The word is spreading fast through the interwebs that Google has a new CEO. It was first posted on the Google blog that Eric Schmidt is stepping down as CEO is going to become the Executive Chairman:
As Executive Chairman, I will focus wherever I can add the greatest value: externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are increasingly important given Google’s global reach; and internally as an advisor to Larry and Sergey.
Becoming the CEO is Larry Page and Sergey Brin will work on “strategic projects.” Unlike Apple who had their stock drop 2.25% when Steve Jobs went on leave again, investors don’t seem bothered by this news. After hours trading has the stock up almost 12%. But of course the fact that they announced this news along side their quarterly numbers which were stunning likely had something to do with that.
The thing to watch going forward is to see if anything changes about Google. Like their commitment to privacy, their employee culture, and most importantly, the ability to print money for their investors.
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This entry was posted on January 20, 2011 at 6:53 pm and is filed under Commentary with tags Google. You can follow any responses to this entry through the RSS 2.0 feed.
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Google Changes Their CEO And Has A Stellar Quarter
Here’s something that I didn’t see coming. The word is spreading fast through the interwebs that Google has a new CEO. It was first posted on the Google blog that Eric Schmidt is stepping down as CEO is going to become the Executive Chairman:
As Executive Chairman, I will focus wherever I can add the greatest value: externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are increasingly important given Google’s global reach; and internally as an advisor to Larry and Sergey.
Becoming the CEO is Larry Page and Sergey Brin will work on “strategic projects.” Unlike Apple who had their stock drop 2.25% when Steve Jobs went on leave again, investors don’t seem bothered by this news. After hours trading has the stock up almost 12%. But of course the fact that they announced this news along side their quarterly numbers which were stunning likely had something to do with that.
The thing to watch going forward is to see if anything changes about Google. Like their commitment to privacy, their employee culture, and most importantly, the ability to print money for their investors.
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This entry was posted on January 20, 2011 at 6:53 pm and is filed under Commentary with tags Google. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.