It is an era to an end. As the company faced a series of antitrust investigations and installation of employee unrest, its two co-founders, Larry Page and Sergey Brin announced that last week the two of them down from their leadership roles in the company. A page has been the CEO of Google the parent organization of the letters, and Brin as President. Transport-related information, the current CEO of Google, will continue his work, and in addition take in the CEO letters.
Page and Brin are not completely out of the picture. The two co-founders will remain employees of the alphabet, and retained their seats on the boat, where they together control 51. 3%of the voting rights, according to a recent regulatory filing. In other words, they still effectively control the company, although they will no longer run.
“Today, in 2019, if the company is a person, it will be a young adult of 21 and it will be time to leave the roost,”Brin and Page wrote in a joint press release. “Although having a huge franchise, deeply involved in the daily management of the company long-term, we believe that it is time to assume the role of the proud parents with advice and love, but not every day nagging!”
Page and Brin founded in 1998, when they were computer science graduate students at Stanford University. “I thought he was annoying. He’s really strong opinion about things, I guess I did too,”page said on the Bollinger wired in 2005. “We both found each other obnoxious,”Brin countered.
But to complement each other and together turn into a search engine to boot into a Silicon Valley huge ambitions to change the world through technology and therefore abandoned the motto of”not evil.” From its early days, as Nitasha described the company in a recent Wired cover story, Google has a unique Open Culture. Employees are encouraged to”bring their whole self”to work, and that if they see something they disagree with. Last Thursday, Google will host a company-wide meeting called TGIF, employees can ask managers challenging questions.
Under the guidance of their investors, Brin and Page hired Eric Schmidt, who became Google’s first CEO in 2001. Ten years later, the pages bring back the reins and become more involved in the company’s daily operation than Brin. But the page is too large, will eventually take a step back his involvement after the reorganization of the company, in 2015.
Four years ago the letter is to create a holding company, the separation of Google’s core advertising and Internet business, from the company’s more ambitious research projects and other acquisitions. A, long-term Executive, to become CEO. Since then, Page and Brin—each now worth more than $ 50 billion has to a large extent is still not the spotlight, dedicate yourself, rather than experimental projects, such as flying vehicles and the future of robots. They have rarely appeared in public or spoken on the investor call. To not even attend Google’s Annual Shareholders Meeting in June.
Brin and Page exit to just Google is working to solve some of the most difficult challenges. Although the company continues to print money, the US Congress, the state attorney General and Federal antitrust regulators are to review its dominant market position. Just this week, European regulators announced a preliminary investigation into Google and Facebook over how they collect and use data for their advertising business.
The company has to solve the high-end of tensions between the employees. The end of last month, more than 200 workers gathered outside the company’s San Francisco office supporting several staff members were released administrative leave and later transmit what they said reached the ILO. Last Tuesday, the former employees said they plan to file unfair labor practices complaints with the National Labor Relations Commission. In the past few years, Google’s workforce presented a protest against the company’s contracts with US government agencies, as well as due to the cancellation of the project, to establish a review of search engine in China. And in November last year, 20,000 employees, the employees get out of the sexual harassment, discrimination and pay inequality in the firm.
Despite such resistance, Google, the letters continued to grow, with the acquisition of such intelligence, of course, billions of dollars of profits. If the company’s co-founders have any concerns, where something is going, they issued shows that they lived in contact with the people they leave in charge. “We plan to continue with the sun large letter regularly, especially the title on, we are full of passion!” They write in their announcement.
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