As we reported back in January, Larry Page has taken over as CEO of Google, and the position is effective starting today. Eric Schmidt will remain on the payroll and will continue to be a strong leader for the company as chairman. His role is apparently not very well defined but PC Mag reports that, according to Schmidt, he will, “focus wherever I can add the greatest value: externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are increasingly important given Google's global reach; and internally as an advisor to Larry and Sergey.”
Page, one of Google’s co-founders, has always been a technologist at heart and that is one of the reasons that Schmidt was brought in as CEO early in the company’s history. Now that he is once again the CEO, will he still manage to the bottom line or will he instead focus more on the technology and how to improve the company’s offerings? If the stock market is any indication, investors may be worried about the transition: Google’s stock has declined 1.5% today.
While this move may not make investors happy, it will probably lead to more interesting and unique offerings from company and will hopefully reinforce their motto of, “Do no evil.”