The big news of the day is Eric Schmidt’s move from CEO at Google to “executive chairman.” Here’s the coverage on Techmeme and here’s the Google announcement. Starting April 4 the far less polished but more authentic Larry Page takes over as CEO.
Here are my questions:
- Is this a good move for Google? Why or why not?
- Was Schmidt’s role change voluntary or not? And if not why would Google need to shake things up now when it seems to be performing so well? ($8.44 billion in Q4; more than $29 billion in 2010).
What do you think?
Google’s shares first climbed after today’s announcements and are now slightly off. However the market is far less rattled from this announcement than it was earlier this week when Steve Jobs announced that he was going out on medical leave again.