We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Alphabet Inc. (Google)
GOOGL 1,459+1.4%Sep 28 3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K12/3/2019 10:56:14 PM
  Read Replies (1) of 15384


Google co-founders Larry Page and Sergey Brin stepped down from active management of the internet giant’s parent, surrendering immediate control to a low-key company veteran who must navigate global regulatory threats as well as employee discontent.

Messrs. Page and Brin, who had been chief executive and president, respectively, of Google parent Alphabet Inc., said Tuesday they would hand control immediately to Sundar Pichai, Google’s existing CEO. They remain on Alphabet’s board and will still together control a majority of voting power over company decisions under Alphabet’s dual-class share structure.

Alphabet CEO Larry Page, pictured last month, will remain on the company’s board. PHOTO: JEFF CHIU/ASSOCIATED PRESS
Still, the move instantly cements Mr. Pichai, an India-born immigrant and longtime Google executive, as one of Silicon Valley’s most powerful figures. His purview now extends beyond search, advertising and related products like YouTube into Alphabet’s far-flung ventures, like driverless cars and high-altitude balloons and efforts to prolong life.

Mr. Pichai, 47 years old, also must now take on a larger role in addressing the many regulatory and political threats that swirl around the company and much of the tech industry.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext