Google just dropped a bombshell announcement that the operating structure of the company is getting seriously shaken up. To start, co-founder Larry Page broke the news of Alphabet: a new holding company which Google will operate under moving forward. Page will operate as the CEO with Sergey Brin as President effective immediately.
Google’s co-founder Larry Page partook in a wide-ranging interview with the Financial Times, published Friday. Among other topics, he talks about Google’s oppository approach to business compared to Apple — epitomized by a story about Steve Jobs.
“He would always tell me, You’re doing too much stuff,” Page says. “I’d be like, You’re not doing enough stuff.”
Facebook CEO Mark Zuckerberg has replaced Tim Cook as the highest-rated CEO in tech, according to employee approval ratings on Glassdoor. Cook’s 97% approval rating from 2012 has dropped down to 93%, which takes him from first position all the way down to 18th. Zuckerberg now has an impressive 99% approval rating.
Google has separated the mapping and commerce unit headed up by executive Jeff Huber in a “two-part management shift” that also saw Android chief Andy Rubin leave his position on Wednesday, The Wall Street Journal reports. Huber will now join the Google X unit run by Google co-founder Sergey Brin.
Steve Jobs used to like Larry Page and the guys at Google, until they went and made their own smartphone operating system by copying iOS. Steve Jobs was livid. He threatened “to go thermonuclear war” on Google over Android, and the relationship obviously soured.
Now that Larry Page is the CEO of Google, he’s got a lot to worry about, but Steve Jobs’ thermonuclear threats haven’t seemed to bother him. In an interview with Wired’s Steven Levy, Page was asked about competition, and Jobs’ threats of war, but rather than going on an anti-Apple rant, Page’s answer was pretty calm, cool, and collected.
Before his tragic and untimely death last October, Steve Jobs’s chronic health issues were such a constant concern for investors that they arguably kept the stock price of the company artificially low for years, as Wall Street worried that the company would tank without its charismatic leader at the helm.
Obviously, that hasn’t happened. In fact, since Jobs’s death, Apple’s share price has soared to new highs. As sad as it is to say, in some ways, Jobs’s death finally liberated the stock from the hyperbolic threat of his death, and allowed investors to finally appraise the company as it actually is: the best on Earth, even without Steve, because he made it that way.
But Wall Street never learns. Since Google CEO Larry Page called in sick to last week’s annual meeting, investors are panicking.
Following comments made by Google co-founder Larry Page yesterday, which suggested Steve Jobs’s thermonuclear war against Android was simply “for show” to rally the troops, Walter Isaacson has confirmed that Page is wrong, and he has insisted that Steve’s war against Android was real.
Late Apple co-founder Steve Jobs famously said that he intended to wage “thermonuclear war” on Android. The rift between Apple and Google has been growing wider over the years, and the two companies have essentially become sworn enemies in most areas of business.
In an interesting profile by Bloomberg Businessweek, current Google CEO Larry Page says that Steve Jobs’ public defamation of Android was “for show” to rally Apple around its obvious enemy. Page also talks about topics like the current state of Google, the Motorola acquisition, and more.