4 ms·
Yes, this is the announcement that Page and Brin are stepping down. I wouldn't really call it "incredibly subtle" - most similar announcements are wrapped in a
by lacker 7y ago
Yes, this is the announcement that Page and Brin are stepping down.
I wouldn't really call it "incredibly subtle" - most similar announcements are wrapped in a bunch of corporate language as well. This is a pretty standard way to announce this sort of thing.
- im3w1l 7y agoDo you know what they will be doing next?
- givinguflac 7y agoDistancing themselves as much as possible to avoid legal trouble I'm sure .
- deleted 7y ago[deleted]
- darksaints 7y agoCashing out before the antitrust suits start to hit.
- Frost1x 7y agoI'm not sure how long these sort of antitrust cases take to litigate (I was young during Microsoft's high profile case), but I'd say this is one of the most rational explanations as to why, seemingly out of nowhere, they'd parachute away together. It looks like an attempt to try to distance themselves, their personal images, and their assets before it gets too ugly. I would certainly do so unless my personal financial analysts told me otherwise.
- johannes1234321 7y agoOut of nowhere? - They created Alphabet to pull themselves out of daily Google business.
- Frost1x 7y agoI've seen this explanation multiple times in this thread, but I find it incredibly hard to believe Alphabet was created to shift Sergey and Larry's time away from Google. It seems like there are far easier (and cheaper) ways of accomplishing this without creating a conglomerate.
- johannes1234321 7y agoWell, what they did is install a "CEO" for the main business, so they weren't operationally involved in that part of the business anymore and focused on different side businesses. Now the crown prince takes over everything operationally and the founders move to the board ... No idea if that was the primary plan, but certainly one of the options considered back then.
- hanse00 7y agoYeah. As anyone at Google could tell you, they've been a familiar face at TGIF, and nothing more, for years. At least at the operational level. I'm sure Sundar has had much contact with them. But regular Googlers certainly have not.
- skybrian 7y agoThey've made other major moves together. This is apparently part of a slow fade they've been doing at least since they started Alphabet. The reasons behind that remain mysterious.
- cmrdporcupine 7y agoMysterious? I'd personally retire to enjoy my millions long before I got to the point of having billions, so I don't think there's much explanation needed about why they'd want to not have to worry or work anymore.
- JohnFen 7y ago> I'm not sure how long these sort of antitrust cases take to litigate They typically take years, often over a decade. I'm talking about the entire process, not just the litigation (which is the easiest and fastest part). With Microsoft, it took 19 years from start to end.
- foobarian 7y agoMy hunch would be that they are just bailing before they get mired in something like an antitrust suit. They strike me as the type of person that enjoys the fun of a fast startup environment, and a big Co under an antitrust suit is pretty much the opposite of that. I doubt they are driven by money as much, in comparison.
- stjohnswarts 7y agoThat's why they can cash out at 10% per year because they cases will last a -minimum- of 5-7 years. Google has the best lawyers in the world. Definitely a slow Homer recession into the bushes.
- mpalczewski 7y agoThose rarely result in lower stock prices.
- 3fe9a03ccd14ca5 7y agoI guess I just don't believe this. Google is one of the largest and most powerful companies in the world. Having both people step down like this is incredibly strange. I mean, neither of them even tried the ol' "I'm stepping down to spend time with my family" thing.
- curious_fella1 7y agoThey were practically absent from day to day affairs anyways. This is unsurprising.
- keenmaster 7y agoLarry and Sergey are basically best friends. Their involvement with Google, as a pair, has been receding for quite some time. Today's announcement was foreshadowed by the creation of Alphabet Inc. as a parent company in 2015.
- vl 7y agoAfter Brin’s affairs came to light, Page was so pissed off, he didn’t talk to him for many months. They might not be best friends at this point.
- smartbit 7y agoDetails in Sergey Brin and Amanda Rosenberg: Inside the Google Co-Founder’s Romance with the Google Glass Marketing Manager | Vanity Fair http://archive.is/kQvuR http://archive.is/kQvuR Febr 2015
- tyingq 7y agoWould be interesting if they cashed out their war chest and started another search engine. Won't happen but fun to think about.
- o-__-o 7y agoThis has been well known for sometime now[0], it was a matter of when.. [0] https://www.cnbc.com/2018/09/13/alphabets-larry-page-has-largely-checked-out-report-says.html https://www.cnbc.com/2018/09/13/alphabets-larry-page-has-lar...
- deleted 7y ago[deleted]