Larry Page and Sergey Brin Hand Over Alphabet’s Reins

It’s officially the end of an era at Google. As the company faces a series of antitrust investigations and mounting employee unrest, its two cofounders, Larry Page and Sergey Brin, announced on Tuesday they were stepping down from their leadership roles at the company. Page had been CEO of Google parent organization Alphabet, while Brin served as president. Sundar Pichai, the current CEO of Google, will keep his job and additionally take over as the CEO of Alphabet.

Page and Brin aren’t totally out of the picture. The two cofounders will remain employees of Alphabet and retain their seats on the board, where they together control 51.3 percent of the voting power, according to the most recent regulatory filings. In other words, they still effectively control the company, though they will no longer be running it day to day.

Source: https://www.wired.com/story/larry-page-sergey-brin-step-down/

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