Hopefully this is not another "Jerry Yang as new CEO of Yahoo!" thing.
Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
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Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#102Earlier quoted context omitted.
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Edit: parent post suggested that Eric had been demoted. Executive Chairman is technically higher than the CEO: http://en.wikipedia.org/wiki/Chairman The Board of Directors is the CEO's boss, the Chairman is the leader of the Board of Directors.
The executive chairman is not part of the corporate leadership. In the United States, the CEO is the singular head of the corporate, accountable to only the majority vote of the board. The Executive Chairman position is quite often, a polite way of keeping someone associated with a company (and all the travel, influence perks) without putting them in the management chain. Quite often seen during (friendly) mergers and takeovers.
Nobody is confused as to what the responsibilities, and authority Larry and Eric will have after April 4th.
Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#103Earlier quoted context omitted.
Leading a decade of mediocre home-grown products (save for Gmail)? EDIT: Name one hit Google product Schmidt oversaw (again, save for Gmail) that wasn't an acquisition. This is supposed to be a company of innovation. EDIT 2: I regret the use of mediocre. I'm sure the technology, like everything that comes out of Google, was top notch. Certain products though, like Buzz, Wave, and TV, and the bizarrely bifurcated-from…
Google Maps is impressive
Yes. But: acquisition.
http://en.wikipedia.org/wiki/Google_Maps#Development_history
Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#104Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#105Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#106Great tweet from Eric Schmidt on the subject: Day-to-day adult supervision no longer needed
The link for the tweet: http://twitter.com/#!/ericschmidt/status/28196946376130560
This one was the best satirical one:
Larry Page has just ousted Eric Schmidt as Mayor of Google on @foursquare. http://bit.ly/hQGNRe
Link: http://twitter.com/#!/pourmecoffee/status/28198140209270784
Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#107Seems like Larry is done with CEO school, and ready to lead his company. It would have been hard to get this far without Eric Schmidt
Who knows where they might have been, it could even have been better.
Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#108Tried and true: founders make terrific CEOs. EDIT, Context being tech: Hastings, Ellison, Bezos, Zuckerberg, Jobs, Gates. I'd say Google was a company in the spirit of these before WorldCom, Enron and Countrywide Financial.
I hope that Larry Page is the next Steve Jobs, not the next Jerry Yang.
Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#109Re: Eric Schmidt: On April 4th I Will Step Down, Larry Page to be CEO
#110Earlier quoted context omitted.
Edit: parent post suggested that Eric had been demoted. Executive Chairman is technically higher than the CEO: http://en.wikipedia.org/wiki/Chairman The Board of Directors is the CEO's boss, the Chairman is the leader of the Board of Directors.
The executive chairman is not part of the corporate leadership. In the United States, the CEO is the singular head of the corporate, accountable to only the majority vote of the board. The Executive Chairman position is quite often, a polite way of keeping someone associated with a company (and all the travel, influence perks) without putting them in the management chain. Quite often seen during (friendly) mergers an…
Hence the "technically".