From Google's CEO Eric Schmidt, announcing today that he'd will step down as CEO and turn over day-to-day responsibilities to co-founder Larry Page:
Larry will now lead our product development and technology strategy, his greatest strengths, and starting from April 4 he will take charge of our day-to-day operations as Google's Chief Executive Officer. In this new role I know he will merge Google's technology and business vision brilliantly. I am enormously proud of my last decade as CEO, and I am certain that the next 10 years under Larry will be even better! Larry, in my clear opinion, is ready to lead.
Or, as Schmidt put it, beautifully, in a tweet: "Day-to-day adult supervision no longer needed!"
Last updated: Jan 20, 2011
Senior contributing writer MAX CHAFKIN has profiled companies such as Yelp, Zappos, Twitter,
Threadless, and Tesla for the magazine. He lives in Brooklyn, New York. @chafkin