Like many Americans struggling to stay afloat through stagnant wages in an uncertain economy, Google boss Sundar Pichai today announced that he is doing what so many of us do have: get a second job.
As is the case for some of us, Pichai's job titles are both "CEO", and in the role of Chief of the Alphabet – Google's parent company – he is now both his own boss and his own direct report. Larry Page and Sergey Brin, former heads and co-founders of the company, today wrote in a corporate blog : "We were never the ones who held leadership positions when we believe that there is such a better way to do business conduct. And Alphabet and Google no longer need two CEOs and one president. In the future, Sundar will be both the CEO of Google and Alphabet. "
It's not clear at the moment whether Sundar will receive a salary for both roles, even though, as CEO of Alphabet, he feels that Google's CEO has earned that a little bit extra. (Very Little, Perhaps; Page, who until today served as the CEO of Alphabet and has an estimated value of $ 59 billion earns $ 1 a year in the role .) As the co-founders wrote:
If the company were a person today, it would be a 21-year-old young adult and it would be time to leave the neighborhood. Although it has been a great privilege to be involved in the day-to-day management of the company for so long, we believe that it is time to take on the role of proud parents – offering advice and love, but not daily nagging!
] Given some very public labor turmoil and technical issues in the industry maturing from pie-eyed evangelizing start-ups to a handful of megamopolies increasingly questioned by lawmakers and annoying journalists Brin and Page have – like many middle-aged people – found a nice way of saying that they have earned their money. This whole thing is a headache and just makes it a problem someone else already has.