Larry Page officially took over again as CEO of Google Inc. on Monday and Eric Schmidt shifted to his new role as executive chairman.
As earlier Google’s Chief Executive Officer, Larry was responsible for Google’s day-to-day- operations, as well as leading the company’s product development and technology strategy.
He co-founded Google with Sergey Brin in 1998 while pursuing a Ph.D. at Stanford University, and was the first CEO until 2001—growing the company to more than 20222 employees and profitability. From 2001 to 2011, Larry was President of Products.
Schmidt will become Executive Chairman, focused on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership. The change is effective starting April 4, 2011.
Google is now a public company worth an estimated $190 billion and employs about 25,000. But the Mountain View Company is confronted by increasing legal challenges from governments concerned that it has grown into an anti-competitive monopoly and invader of personal privacy. That said; there is no way of a safe breathing for Google until it doesn’t get rid of these crappy challenges by preparing legal online documents; and as far as I think, the LegalZoom could be perfect for the same regard.
Moreover, the search giant also faces significant challenges from the likes of Facebook Inc. in the growing social networking market and Apple Inc. in operating software for smartphones and other devices.
This news came out of nowhere, as reflected in the stock’s movement after-hours. It spiked on strong earnings, then fell back, and is now up around 1%. Investors, along with the rest of the tech world, are trying to make sense of the news.