Google made the biggest management shake-up in a decade on Thursday, handing the reins of the company to one of its co-founders in an effort to rediscover its start-up roots....
>>>Google made the biggest management shake-up in a decade on Thursday, handing the reins of the company to one of its co-founders in an effort to rediscover its start-up roots.
As it has grown into the dominant company in Silicon Valley, Google has lost some of its entrepreneurial culture and become a slower-moving bureaucracy, analysts and insiders say, in contrast to Facebook, Twitter and other younger, more agile competitors.
To counter this, the company announced that Larry Page, its 38-year-old co-founder, would take over as chief executive from Eric E. Schmidt, a technology industry veteran who was brought in a decade ago to provide adult supervision, as Silicon Valley calls it.
Mr. Schmidt, 55, will remain executive chairman of the company, which had a market value of $200 billion at the close of trading on Thursday, up from $27 billion when it went public in 2004.
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The excerpts above were taken from the NYT article, "In Google Shake-Up, an Effort to Revive Start-Up Spark," written by Claire Cain Miller and Miguel Helft. Do click through to read for a more thorough elucidation of the implications of this management switcheroo in one of the more powerful start-ups of the generation. | the image is from the same article credited to Nati Hamik of the Associated Press
http://www.nytimes.com/2011/01/21/technology/21chief.html
