Breaking: Google CEO to Step Down

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CNN.com is reporting that Google CEO Eric Schmidt will step down in April, to be replaced by Google co-founder Larry Page. Schmidt will remain on staff, however, as and advisor.

"We've been talking about how best to simplify our management structure and speed up decision making for a long time," Schmidt said in a prepared statement. "By clarifying our individual roles we'll create clearer responsibility and accountability at the top of the company."

On Thursday, Google reported a fourth-quarter profit of $2.5 billion, up 29 percent from one year ago.

 
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1 comment

Atlanta Homes 01-22-2011 1:59 PM

As Google matures more and more, you will see it starting to parallel the lameness of many mature large corporations.

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