Jan 23, 2011

The End of the "Schmidt era"


A post in the official Google blog yesterday by the current CEO of Google, Eric Schmidt spilled all the beans. Schmidt said that he will step down as the CEO and will be taken over by the co-founder of the internet giant Larry Page with effect from April 4 this year. Eric Schmidt joined Google's board of directors as chairman in March 2001 and became the company's CEO in August 2001. The 55 year oldguided Google in the past decade through ups and d...err, only ups(touchwood :) ). Gmail, Gmaps, Docs, Android, Google revolutionized every bit of technology and Schmidt was the man behind it along with 24000 employees worldwide. In 2007, Eric Schmidt was named by PC World as #1 on the list of the 50 Most Important People on the Web, along with Google co-Founders Larry Page and Sergey Brin. In the blog post, Schmidt said "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 CEO" ... "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". In the past decade, Google almost successfully managed to live up to it's motto "Don't be evil". With the rising competition with Facebook, Apple, Microsoft, it will be interesting to see whether G's image will be retained under Page's reign.


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