Lawrence Edward Page, a computer scientist based in the USA as well as internet pioneer, born on 26 March 1973. Page is renowned as one of Google’s co-founders along with Sergey Brin. Larry Page was the CEO of the Alphabet Inc. till 3 December 2019, when he decided to step down. In August 2001, having stepped away as Google CEO in lieu of Mr. Eric Schmidt, Larry re-assumed the position in the month of April 2011.
In July 2015, he expressed his desire to step way for the second time to be the CEO of the Alphabet Inc., in which the assets of Google would also be reorganized. Led by Page, the Alphabet Inc. seeks to bring significant advances in a wide range of industries.
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Larry Page and Alphabet
Life of Larry Page
Larry is the world’s 8th-richest person with a total wealth of $66.3 billion since January 2020. Forbes put him on 10th position in the “Billionaires 2019” ranking. Page is PageRank’s co-inventor and he developed the well-known Google search rating algorithm with Brin. In 2004, Page was given the greatest Marconi Prize alongside Brin.
Page is also Tesla Motors Shareholder. He is engaged in the field of green technology, participating in the introduction of plug-in electric hybrid vehicles and other sustainable energy projects with the support of Google.org, Google’s wholly-owned subsidiary. He has always been a financial investor in the Opener company that is designing consumer-travel aircraft.
Page is also involved in the cultural-economic effects of modern smart devices and how advanced digital innovations can be used to deliver prosperity for the needs of the people. Cut the workweek, and reduce the possible adverse effects of rising inequality. Page has worked to set up the trans-humanist think-tank of Singularity University. Google is among the business promoters of the university, yet still sponsors Singularity University scholarships.
Alphabet is indeed a real company that Google investors are building which will carry over anything that Google currently runs. Call it a corporation or subsidiary, Alphabet will also become Google’s new owner and for other Google-owned companies such as Nest at present.
The intention has always been to let Google stay focused on mission-related things. So Alphabet will expand into new fields without the pressure of discussing how everything is designed to fit in along with Google. There is no specific date out for when Alphabet should take over, but this was likely to occur in late 2015. Google will continue to own divisions such as search, Apps, Android, and YouTube.
CEO at Google
After an announcement in January 2011, Page formally became Google’s chief executive on 4th April 2011, while Schmidt decided to step down to be vice-chairman. By this period, Google reached a market capitalization of over $180 billion, having more than 24,000 workers. He jokingly posted on Twitter, “Adult-supervision no longer needed” when Schmidt declared the end of his career as CEO on 20 January 2011.
Quartz Organizational Management Editor Max Nisen characterized the decade preceding Page’s 2nd appointment as Google’s CEO as “lost decade.” Although Page managed to exercise a major influence over Google throughout this period, managing business development, as well as other activities, became gradually isolating.
Page declared that the impetus behind the realignment was to make the site “cleaner and much more transparent.”. He also stated that there would be a desire to change “transparency and accountability of what we do” and to enable the influence of previously independent companies within the Google network.
On 10th August 2015, Page declared on Google’s company blog, which Google has restructured with a variety of its divisions. About the corporate parent company named the Alphabet Inc which would include Page as Chairman and Sundar Pichai as CEO.
Page defined the proposed shell company as described in his announcement: Alphabet is more or less a series of companies. Of all, the biggest of those is Google. The older Google is little shrunk, with the businesses now found in Alphabet, which are quite far removed from their main Internet goods. Essentially, they assume that this helps them to have more scope in operation, as they can operate things that are not very connected individually.
Along with describing the meaning of the title of the company. They loved the name Alphabet as it implies a series of letters reflecting words. Among the most significant inventions in mankind and is in the center of how everyone searches through Google Search!
Page hasn’t been never on any of public appearances since the year 2015 and, since 2013, hasn’t been available at product releases or earnings statements. Bloomberg Businessweek named the Alphabet reorganization a smart retirement plan enabling Page to maintain control of Google while at a similar point renouncing any liability for it.
Alphabet executives name Page as much more of a “futurist,” highly disconnected from daily business dealings as well as focused mostly on main shot initiatives. While some Alphabet business managers talk about Page as being heavily involved, some say his infrequent office visits seem to be “like a royal appearance.”
Finally, on 3rd December 2019, Page declared he will resign from Alphabet CEO post and be substituted by Sundar Pichai, Google CEO. Larry Page and, Google co-founder and Alphabet chairman, Sergey Brin made the announcement in a collaborative blog post, “Alongside Alphabet as of well-founded and Google. Then the other ones running successfully as separate companies. This is a suitable time to improve the leadership structure and Alphabet as well as Google don’t need two separate CEOs as well as a President.” We can only anticipate greater things in the future!