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Eric Schmidt Steps Down; Larry Page New Google CEO

Written on January 24, 2011 by Kristoff Jones

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"Larry, Sergey, and I have been talking for a long time about how best to simplify our management structure and speed up decision making" ---Eric Schmidt

Google’s, yes THE Google, CEO Eric Schmidt has formally announced that he is going to step down from the proverbial ladder of Google-topia as he leaves co-founder Larry Page to become the next head honcho of the one of the world’s most successful companies for the past decade. It’s really a mystery why Eric Schmidt would leave Google despite a stellar performance that left analysts dumbfounded last 2010. But it seems it’s more of a personal choice rather than a performance issue.

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