The New York Times 04. December 2019 11:30:12 IST
Larry Page and Sergey Brin, the Stanford graduates who founded Google over two decades ago, are stepping down from their leadership positions at Google's parent company Alphabet, they announced Tuesday.
Sundar Pichai, Google's CEO, becomes the boss of Google and Alphabet.
The move is the end of an era for Google. Page and Brin have embodied the company since its inception and are two of the most influential figures in the technology industry on par with the founders of Apple and Microsoft, Steve Jobs and Bill Gates.
Your Early Work on The Google Search Engine helped correct an undue cloud of information on the World Wide Web. And her ideas on how to run an Internet business – such as offering generous perks to employees, such as free shuttle buses to the office, and making it easy for ordinary employees to be involved in the business – have become Silicon Valley's standard.  Page and Brin took less of a role in their day-to-day business in 2015, when they turned Google Alphabet into a holding company that owns the self-driving car company Waymo.
Since then, they have spent more Pichai led Google and its vast search and advertising business. The business has grown and Alphabet is one of the most valuable companies in the world. However, the Internet giant, with antitrust control, employee strikes and growing public skepticism about its power, enters one of the most turbulent periods in its history.  Page and Brin, both 46 years old, remain board members of Alphabet and the company's two largest individual shareholders. They retain the majority of the voting shares of the company, giving them effective control over the board and a say in the future of the company.
"If the company were a person in 2019 today, it would be a young adult of 21 and it's time to leave the neighborhood," the founders wrote in a public letter on Tuesday. "Although it has been a great privilege to be involved in the daily management of the company for so long, we believe it is time to take on the role of proud parents – offering advice and love, but not daily nagging!"
The move confirms the rise of Pichai, 47, as one of the most powerful people in technology. While managing Google's core business for four years, he still contacted Page, the managing director of Alphabet, and Brin, his president.
Now he is the sole managing director of a company that has huge companies looking for. Advertising, maps, smartphone software and online video, and a variety of far-field bets such as drone deliveries and balloons with Internet rays.
In recent years, Page and Brin seemed to have lost interest in running the business they founded. With the conversion into a holding company this should be partially corrected. While Pichai took charge of Google's often messy business, Page and Brin focused on practical science projects.
Brin relocated his desk to X for some time, the so-called Moon Shot Laboratory, where engineers were working on projects that involved it, had probably failed – but had great potential if they did not. Page was rarely on Google's campus, working on technical issues and personal side projects such as his flying startup, Kitty Hawk.
by: Dad gives you the S but Dad still owns the company, "said Jones, the former Google manager.
Page and Brin are among the few tech start-up founders who've broken away from their day-to-day responsibilities in the business they've founded, making them billionaires. The same thing happened to Gates when he transferred Steve Ballmer to the position of chief executive at Microsoft in 2000 during his company's longstanding antitrust battle with the Ministry of Justice.
While Google is now preparing for its own antitrust battle and investigating its power There are notable differences with Microsoft in Congress, the Department of Justice, and nearly all states.
When Ballmer took over the management there in 2000, it was just established that the company had repeatedly violated national antitrust laws by the Ministry of Justice in a seminal case. Pichai is still not sure what the regulators and lawmakers expect him to do. The review covers Google's dominant Internet search engine and its competition with smaller competitors in the digital advertising space.
"Google still needs to determine what antitrust law is," said David Readerman, a longtime technology analyst and portfolio manager at Endurance Capital Partners. "But that's a clear and present risk."
In their letter from Tuesday, Page and Brin said they would remain committed to the company for the long term and continue to actively participate as board members, shareholders and co-founders. In addition, we plan to engage in regular discussions with Sundar, especially on topics for which we have a passion! "
Whatever they decide, they will not have any problems financing it. According to Forbes, Page has a value of approximately $ 58.9 billion and Brin approximately $ 56.8 billion.
Jack Nicas and Daisuke Wakabayashi c.2019 The New York Times Company
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