Google's Top 3 Executives Pledge 20 More Years
February 1, 2008 10:46 PM
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They did not sign in blood, Google's top brass pledge an oath of service to their company
One traditional problem area for big companies is the issue of executive turnover. A shining example of this is Yahoo, who over the Summer
had to install a new CEO
, Jerry Yang, and now
resignation of its chairman, Terry Semel
Competitor Google is aware of this potential pitfall, and its top executives are determined to do everything in their power to run a steady ship. In
magazine, which is set to run February 4,
Co-founders Larry Page and Sergey Brin, together with Chief Executive Eric Schmidt make a major revelation of a joint decision which will certainly effect the course of the company.
The trio apparently made a private pact, which they only now chose to unveil to the public, in August 2004, before the company's initial private offering.
They vowed that they would each commit at least 20 more years to the company and to working together. Schmidt states in the interview, "
We agreed the month before we went public that we should work together for 20 years."
In 2024, the expiration date for the pact, Schmidt will be 69,
Page will be 51, and Brin 50. Each of the executives is a billionaire, almost exclusively owing to the company they steer, which is now worth close to $170 billion USD. As well as being Chief Executive, Schmidt is also Chairman.
Brin is president of technology and
Page is president of products.
There is much curiousity on Wall Street over Google's 2007 revenue, which it will soon release. With an impending Microsoft and Yahoo deal, exactly how good the news is may have a significant effect on the company's stock price.
Still, some analysts may look to the announcement as a sign of some stability from Google, whose stock is oft disregarded as overvalued due to scarcity, with
share prices of over 700 dollars
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the hate windows factor
2/3/2008 3:05:47 AM
I didn't love xp at first, and still do not love vista to this day (yet service packs over the years make such downsides non existent), but there are other things to consider when saying such. Mac offers an OS every 1.5 years at 100 bucks plus, and it is slightly different from the last previous iteration so it cannot be harshly judged, but rather moderately applauded from its audience that would buy steve jobs used socks if available. Linux variations are free and constantly evolving and wonderful in their own right, but one must compile certain difficult drivers like wireless on laptops themselves and joe shmoe is not capable of doing such. I'm not taking sides, I'm just stating that before taking a side and passing judgment, understand the demographics and natures of the users of each platform.
"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton
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