Google Co-founders Step Down From Parent Company

Headline Roundup December 4th, 2019

Larry Page and Sergey Brin, co-founders of Google, have stepped down from their roles with parent company Alphabet. This ushers in current Google CEO Sundar Pichai as the CEO and president of Alphabet; Page and Brin will stay on the board under managerial roles. Pichai, an Indian-born executive who joined Google in 2004, is famous for testifying in front of the House Judiciary Committee about privacy and big tech; Alphabet's stock rose following the announcement.

Google Co-founders Step Down From Parent Company

From the Left
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Google Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, the company said in a blog post on Tuesday, reflecting the increasingly diminished public role of Page and Sergey Brin at the company they cofounded 21 years ago.

"While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it's time to assume the role of proud parents - offering advice and love, but not daily nagging!" Page and Brin wrote in the...

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From the Center
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ANALYSIS

Congrats to Sundar Pichai, who just got promoted to the worst job in Silicon Valley.

On Tuesday, Google’s parent company Alphabet dropped the bombshell that co-founders Larry Page and Sergey Brin are stepping down as CEO and president, respectively, and that the 47-year-old Pichai will become CEO of all of Alphabet.

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From the Right
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The departure of Google co-founders Larry Page and Sergey Brin from managerial roles at Alphabet Inc. marks the end of an era for the search-engine giant, though analysts doubt there will be meaningful changes in the way the company is run.

Investors, though, may take comfort in the chance of a shift in how the company approaches its financials now that Google CEO Sundar Pichai has been elevated to the top role at parent company Alphabet GOOG, +2.00% GOOGL, +1.89% as well. Analysts say the leadership transition could prompt a...

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