Google massive overhaul – Larry Page will become CEO of Alphabet, a larger company that will now encompass Google and other stand-alone divisions like Calico, its life sciences division, and Google X, its so-called “moonshots” factory. “This has been discussed for the last four years,” one former executive said. “The details are a little bit different, but the idea is the same.”
“He doesn’t have to come into the office anymore, he doesn’t have to be the tie-breaker anymore, he doesn’t have to show up to events anymore,” the source adds. “Those were the worst parts of the job for him, he didn’t enjoy it, and now he’s stepping back.” Page has long been bored with the day-to-day job of chasing ad revenues, and said at the time that he wanted to step back to focus on the bigger picture. Page said in an interview with The Financial Times last year that he wanted to be like Warren Buffett at Berkshire Hathaway: In charge, but with a cadre of talented CEOs who could run their businesses mostly undisturbed. With Page at the helm of the parent company Alphabet, he’ll no longer be accountable for the specifics of any given off-shoot.
When Google Plus first launched, it was pitched as the grand unifier of all of Google’s products, the backbone powering YouTube, email, Maps, Hangouts, everything. It’s timely that this separation comes now, as the company starts to pull apart that infrastructure, too. Plus, as the company faces more competition from outside companies than ever, and sees its core growth continue to slow, this move allows it to move faster. “In some ways, the best way to prevent itself from being blown up from the outside is to blow it up from the inside,” former Google Plus designer Chris Messina says……..
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