Expect nothing substantive to change at Google and parent company Alphabet, following Tuesday’s announced departures of co-founders Larry Page and Sergey Brin from their roles as CEO and president, respectively, of Alphabet.
The moves made big headlines, but the pair is mostly invisible anyway, leaving Google CEO Sundar Pichai – who will now hold that title for Alphabet also – to take the frequent slings and arrows that are now regularly thrown at the companies, as he mostly already has in recent years. But in reality Page and Brin will still call the shots, thanks to their ownership of special classes of “super-voting” stock that gives them majority control.
The announcement of their moves admitted as much.
“We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders,” Page and Brin wrote. … Read More ➡