Google Founders ‘Leave The Roost’ With Majority Power Intact
Described as a ‘tremendous privilege’, Google co-founders Larry Page and Sergey Brin have announced they will be stepping down from active management at Alphabet, despite keeping hold of a majority of voting power over company decisions and a position on the board.
Founded back in 1998, Google, now under the parent company Alphabet, has gone on to take over the world much like other tech giants Apple, Amazon and Facebook.
When the company launched Page and Brin described Google as ‘not a conventional company’ in their 2004 founders letter.
Twenty years later the pair has decided to step back from active management duties and surrender further control of the company to current Google CEO Sundar Pichai, which the Wall Street Journal identifies as an ‘inflection point for the company’.
In a statement, Pichai expressed excitement about working with Page and Brin, saying ‘I’m excited about Alphabet and its long term focus on tackling big challenges through technology’.
Pichai will remain CEO of the Google division in addition to Alphabet CEO.
Page first became CEO of Alphabet in 2015 after the restructuring and reorganisation that established the parent company, with Pichai as Google CEO.
According to current and former employees, the two have been reducing their presence at the Mountain View campus in California for years now, describing the move as assuming ‘the role of proud parents’.
But just like any proud parent, it can be challenging to step away from the now 21-year-old baby, despite saying ‘it would be time to leave the roost’.
Both Page and Brin’ plan to continue talking with Sundar regularly, especially on topics we’re passionate about!’
The two will remain ‘actively involved as board members, shareholders and co-founders’.
However, according to Bloomberg, the promotion of Pichai may address concerns over the lack of engagement by Page as Google receives further scrutiny from regulators and lawmakers around the world.