Shalom Life | August 01, 2014

Page Takes Control of Google

Google Co-Founder, Larry Page, take over CEO position today.

By: David Shear

Published: April 4th, 2011 in Business » World

Page Takes Control of Google

Larry Page, Co-Founder of Google, has taken over the role as Google’s CEO today from Eric Schmidt.

Schmidt, who had announced his resignation from the position in January, has moved into an Executive Chairman role.

This role is not unfamiliar to Page, who had served as Google’s CEO from 1998-2001. His past experience, and a solid earnings report which followed the announcement, is likely the reason why the original announcement by Schmidt did little to affect the market value of Google, which is still in the very capable hands of its founders.

The other half of the Google magic, Sergey Brin, has taken on the role of Co-Founder. While his focus is on new products, he has stated his desire “to work more on personal passions.” So we can expect his role to diminish over time which would be a blow to Google.

In his original announcement in Janauary, Schmidt described Page’s responsibilities in his new role:

“Larry will now lead product development and technology strategy, his greatest strengths, and starting from April 4 he will take charge of our day-to-day operations as Google's Chief Executive Officer. In this new role I know he will merge Google's technology and business vision brilliantly.”

Following the official announcement, Schmidt also tweeted “Day-to-day adult supervision no longer needed!”

Some saw this as an insult to the young founders, especially since there have been instances in the past where their behavior was considered immature.

However, in a conference call following his January announcement, Schmidt showed confidence in the new CEO.

“I believe Larry is read,” Schmidt said. “It’s time for him to have a shot at running this, and I’m sure he’ll do a fantastic job.”

Startup Club: HopOn Startup Club: HopOn TrendingA Prayer to the God of Social Media A Prayer to the God of Social Media TrendingHow Tel Aviv University Supports the IDF How Tel Aviv University Supports the IDF Trending
 

Spike Jonze to Guest Star on HBO’s ‘Girls’

August 01, 2014 | By Ashley Baylen
Spike Jonze to Guest Star on HBO’s ‘Girls’

The 'Her' director is joining an ever-growing list of celebrity guests stars

Read More

Drake Announces OVO Pop-Up Shop in Toronto During Music Festival [PHOTOS]

August 01, 2014 | By Ashley Baylen
Drake Announces OVO Pop-Up Shop in Toronto During Music Festival [PHOTOS]

A new clothing line will be premiered on Friday in Drake's hometown

Read More

Sarah Michelle Gellar to Host Mattel Party For Children’s Hospital

August 01, 2014 | By Ashley Baylen
Sarah Michelle Gellar to Host Mattel Party For Children’s Hospital

Mattel Children's Hospital UCLA is celebrating its 15th annual Mattel Party on the Pier.

Read More

Autism in the IDF: Meet the Soldiers of Intelligence Unit 9900

August 01, 2014 | By IDF Blog
Autism in the IDF: Meet the Soldiers of Intelligence Unit 9900

Special intelligence Unit 9900 is dedicated to everything related to geography, including mapping, interpretation of aerial and satellite photographs and space research.

Read More

Israel's Farmigo App Lets You Buy Food Straight from Local Farmers

August 01, 2014 | By Dyana So, NoCamels
Israel's Farmigo App Lets You Buy Food Straight from Local Farmers

Farmigo is more than just another eco-friendly startup embracing technology to improve lifestyles

Read More

New Israeli Study Links Alzheimer's to Brain Hyperactivity

August 01, 2014 | By Viva Sarah Press
New Israeli Study Links Alzheimer's to Brain Hyperactivity

Research offers the potential for restoring memory and protecting the brain of patients with this debilitating disease

Read More

How Humanitarian Pressure Helped Create Israel’s Terror Tunnel Problem

August 01, 2014 | By Josh Hasten
How Humanitarian Pressure Helped Create Israel’s Terror Tunnel Problem

Experts claim that pressure was mounting on Israel to transfer building materials, which, in a way, helped Hamas' efforts

Read More

US: Release Abducted Soldier

August 01, 2014 | By Ynet News
US: Release Abducted Soldier

Kerry speaks with Netanyahu, White House slams Hamas attack as 'barbaric' violation of ceasefire

Read More

More Headlines