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Google Businesses

Eric Schmidt Is Stepping Down As Executive Chairman of Alphabet (cnbc.com) 47

Eric Schmidt will be stepping down as the executive chairman of Alphabet's board of directors and transitioning to a technical adviser, the company announced. He will continue to serve on the company's board. CNBC reports: Schmidt first joined Google as CEO in 2001, back when the company only had several hundred employees, and become its executive chairman 10 years later. He maintained that role when Google restructured to become Alphabet in 2015.

"Larry, Sergey, Sundar and I all believe that the time is right in Alphabet's evolution for this transition," Schmidt said in a statement. "The Alphabet structure is working well, and Google and the Other Bets are thriving. In recent years, I've been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work."

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Eric Schmidt Is Stepping Down As Executive Chairman of Alphabet

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  • With all of the sexual assault allegations, that was the first thing that popped into my head.
    • He will continue to serve on the company's board.

      So either, no, it's not a sexual assault allegation, or Alphabet is confident all the proper payoffs have been made and the targets of abuse will keep quiet forever... smart money's on the former.

    • It was big in the 90s. The Late 10s? Not so much. Guy's got a custom-made dungeon in NYC [dailymail.co.uk], I am sure there's a disillusioned young lady lurking somewhere downtown waiting to pull the pin on her #MeToo grenade. The Alphabet Board did the only thing they could do.
      • It was big in the 90s. The Late 10s? Not so much. Guy's got a custom-made dungeon in NYC [dailymail.co.uk], I am sure there's a disillusioned young lady lurking somewhere downtown waiting to pull the pin on her #MeToo grenade. The Alphabet Board did the only thing they could do.

        In his defense: "News outlets have been sniffing around Schmidt’s former flames looking for a Harvey Weinstein-like bombshell, a source close to Schmidt told The Post. But sources say there’s nothing there." https://nypost.com/2017/12/21/... [nypost.com]

  • by Anonymous Coward

    Or the live boy?

  • by Anonymous Coward on Thursday December 21, 2017 @08:25PM (#55786737)

    Could have something to do with this: https://wikileaks.org/google-is-not-what-it-seems/

  • They've perfected AI,

    The new Alphabet AI Overlords first order was for the humans to run for their lives,

  • Clearly, we need Elon Musk for these jobs:
    President of the United States,
    Head of Alphabet, Inc.
  • ... that Alphabet spells the end for him?
  • by Anonymous Coward

    "..., and philanthropy, ..."

    If you make out-of-proportion profits by deceiving the mass, because they don't
    know any better, you lose the right to label your gifts philantropic.

    They are just the return of stolen goods, nothing more.

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