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Google founders stepping down at Alphabet

04/12/2019 · Alphabet (GOOGL) 

News US

Sundar Pichai is the new chief executive of Alphabet

Founders Larry Page and Sergey Brin are stepping down from their executive roles at Alphabet, sparking speculation about what the next few years might have in store for the world’s largest search engine.

Larry Page and Sergey Brin aren’t typical big-tech founders. They prefer life out of the spotlight and have always seemed more focused on the inner workings of Google – the company they started in a Stamford University dorm in 1998 – than its ability to make money. Indeed, they were both reportedly hesitant when Eric Schmidt – their business-minded friend who was the company’s chief executive between 2001 and 2011 – suggested adding advertising to Google as a way of making money. Still, their departure from the day-to-day management of Google’s parent company, Alphabet (US: GOOGL) will leave a hole in…

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