Alphabet went from nothing to everything, it is currently the most powerful online services company in the world, and it will continue to be for a long time thanks to many of its divisions (Google, Android, Drive ...). In fact, in the beginning everything was reduced to Google, but the antitrust laws in the United States of America forced to divide the company into sections under a matrix called Alphabet.
Be that as it may, at the forefront of everything was the mythical Eric Schmidt, that CEO of Google who used an iPhone, the man who has democratized online services around the world. This is how a legend is forged and how after seventeen years at the helm he decides to step aside.
Since 2001 we had Eric at the head of Google and its divisions, but as if it were a review for the new generations, Schmidt has decided to step aside in Alphabet and from now on position himself as one more adviser within the company, working according to him to improve science, technology and of course philanthropy, one of its strongest aspects. In this way, the main actor in the achievements of the last decade by Google becomes a voice to listen to and not an executive arm.
After ten years as CEO and seven as Executive Chairman, I can't wait to dive into the latest in science, technology, and philanthropy. I look forward to working with Larry and Sergey on our future here at Alphabet. https://t.co/nVnZqMEHoI
- Eric Schmidt (@ericschmidt) December 21, 2017
He and Alphabet in his own blog have decided not to leave room for confusion and tell what these changes are about within the company's mandate policy. Such a blow can affect the market value and the confidence of investors, and is that In technology companies in this category, the CEO is an added value, as happened in his day with Steve Jobs at Apple. For now, the successor who will take command of the company of the great "G" is not known.