It's officially the end of an era on Google. On Tuesday, co-founders Larry Page and Sergey Brin announced that the company would step down from senior management following a series of antitrust investigations and growing unrest among its employees. Page was CEO of Google's parent organization Alphabet, while Brin served as President. Sundar Pichai, Google's current CEO, will retain his job and take over the position of Alphabet's CEO.
Page and Brin are not completely excluded. The two co-founders remain employees of Alphabet and retain their seats on the board, in which they collectively control 51.3 percent of the voting rights, according to the latest official data. In other words, they still control the company effectively, even though they no longer manage it on a daily basis.
"If the company were a person in 201
Page and Brin founded Google in 1998, when they were both computer science students at Stanford University. "I thought he was pretty disgusting. He really had strong opinions on things, and I also believe that I did, "Page said about Brin to WIRED in 2005." We both found ourselves disgusting, "countered Brin.
But The Couple Complemented and Coalesced A search engine startup in a Silicon Valley giants with ambitions to change the world through technology – and the ever-abandoned slogan "Do not be angry." As Nitasha Tiku recently noted in a WIRED cover story, Google had done this from the start with a uniquely open culture. Employees were encouraged to "bring themselves to work" and express themselves when they saw something they disapproved of. On Thursday, Google hosted a company-wide meeting called TGIF, where employees could ask challenging questions to executives.
Under the guidance of their investors, Brin and Page hired Eric Schmidt, who became Google's first CEO in 2001. A decade later, Page took over the reins and was more involved in the day-to-day business of the company than Brin. But Page would also step down after the company's restructuring in 2015.
Four years ago, Alphabet was founded, a holding company that separated Google's core advertising and Internet businesses from its more ambitious research and other acquisitions. Pichai, a longtime manager, became CEO of Google. Since then, Page and Brin, each worth more than $ 50 billion, have largely come out of the limelight and instead focus on experimental projects such as flying vehicles and futuristic robots. They rarely performed in public or spoke at investor conferences. The couple did not even attend Google's Annual Stockholders' Meeting in June.
Brin and Page step out just as Google grapples with some of the toughest challenges to date. While the company continues to print money, the Congress, the Attorney Generals, and the federal antitrust authorities review its market dominance. Just this week, European regulators announced preliminary investigations by Google and Facebook about how they collect and use data for their advertising business. At the end of last month, more than 200 workers gathered in front of the company's offices in San Francisco to support several workers. They were placed on administrative leave and later dismissed for what they considered to be the organization of work. On Tuesday, former employees said they intended to file complaints about unfair labor practices with the National Labor Relations Board. In recent years, Google's employees have protested against the company's contracts with US government agencies and a project that has since been discontinued to build a censored search engine in China. And last November, 20,000 employees were expelled for sexual harassment, discrimination and pay inequality.
Despite these headwinds, Google and Alphabet continue to grow, with acquisitions like Fitbit and, of course, billions in profits. And if the co-founders of the company have any concerns about where things are going on, their decline makes it clear that they are keeping in touch with the man they lead. "We plan to speak with Sundar on a regular basis, especially on topics that are particularly close to our hearts!", It said in their announcement.
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