Thursday, January 27, 2011

Google Restructures Management (Video, Review) *Co-Founder Larry Page will be CEO again*


Google Co-Founder Larry Page will be CEO again

Google Restructures Management: Co-Founder Larry Page Will Be CEO Again

Google announced a management restructure on Thursday, January 20, 2011. This was on the same day that fourth quarter 2010 financial results were reported. Both are reported here. Our review of this management structure is:

Management Restructure Google announced on Thursday, January 20, 2011 a restructure of management "to streamline decision making and create clearer lines of responsibility and accountability at the top of the company".
* Larry Page, Google Co-Founder, will take charge of Google's day-to-day operations as Chief Executive Officer.
* Sergey Brin, Google Co-Founder, will devote his energy to strategic projects, in particular working on new products.
* Eric Schmidt will assume the role of Executive Chairman, focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership--all of which are increasingly important given Google's global reach. Internally, he will continue to act as an advisor to Larry and Sergey.
We could find nothing negative about this management restructure and consider this a positive development. This appears to be the synchronizing of the informal organization chart to the formal organization chart. That is, these were the roles and tasks somewhat being performed by Page, Brin, and Schmidt already. These were the roles and tasks they each wanted to perform and believed were the strengths of each.

David Goldman of CNN Money says, "There's been a lot of talk about Google slowing down in terms of new products and getting them to market. In fact, they've lost a lot of really important engineers and core executives as well to companies like AOL and Facebook. So there's been a worry that the decision-making process was slowing down. They're trying to get back to that start-up mentality. That is what Larry Page is hoping to do. They're hoping to speed things up again."

CNN "Google's Management Shake-Up" CNN Money's David Goldman discusses the new man filling the CEO hot seat at Google and why Eric Schmidt stepped down.

Eric Schmidt, Google CEO for 10 years, will be Executive Chairman

About Google

Google describes itself in press releases as, "Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google's targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia."

Google's Mission Statement: "Google's mission is to organize the world's information and make it universally accessible and useful. The first step toward fulfilling that mission came when our founders, Larry Page and Sergey Brin, working out of a Stanford University dorm room, developed a new approach to online search that quickly spread to information seekers around the globe. Google is now widely recognized as the world's largest search engine -- a free service whose utility and ease of use have made it one of the world's best-known brands almost entirely through word of mouth from satisfied users."

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