Google co-founders Larry Page, Sergey Brin step down, Sundar Pichai takes over
India TV NewsGoogle’s co-founders are relinquishing their executive positions just as state and federal regulators, not to mention the Department of Justice and Congress, are taking a keen interest in possible abuse of its privacy practices and market power. Larry Page and Sergey Brin are stepping down as CEO and president, respectively, of Google parent company Alphabet. Offended lawmakers derided Google as “arrogant.” Although longtime tech analyst Tim Bajarin of Creative Strategies said he doesn’t believe Brin and Page are leaving “because the fire is getting hotter,” he said Pichai’s role at Google has been preparing him for the increased government scrutiny. According to a regulatory filing in April, Page holds 26.1% of the Google shareholder vote, while Brin holds 25.2% - both thanks to so-called “super voting” shares. Google’s longest-serving CEO is still Eric Schmidt, the former executive brought into the role in 2001 as a so-called “adult supervisor” for Brin and Page.