It is interesting to see how everything is a matter of perspective. I received this RSS feed earlier today:
- Google’s Schmidt hands top job to Page as company posts strong Q4. Google’s Eric Schmidt has announced his resignation, and will hand the CEO job to company co-founder (and original CEO) Larry Page. Schmidt, who will remain as executive chairman to advise Page, says the change “will result in faster decision making and better value for the shareholders.” Analysts say the move is aimed at helping the company regain an entrepreneurial stance, addressing claims that it has grown too large and bureaucratic. In Q4, Google’s earnings rose 29 percent to $2.54 billion, with revenue rising 26 percent to $8.44 billion. Research firm eMarketer notes that the company’s revenue, while still mainly driven by search ads, was boosted by a growing stake in the display ad market. New York Times; Wall Street Journal; USA Today; Associated Press (also Bloomberg Businessweek)
So Eric Schmidt would be stepping down in order to reinvigorate Google’s entrepreneurial spirit ! Well… I can only speak for myself but Google was still in my eyes one of the iconic brand conveying an innovative and entrepreneurial image. So what a surprise !
That being said, it would be too early to cry for Eric Schmidt. He does not leave his CEO position uncovered for the future:
- Google’s Schmidt gets $100m grant: Google’s Eric Schmidt, who recently announced his plans to move from CEO to executive chairman, has received an equity award of $100 million in stock and stock options. Experts say the award is unusual, as apart from the sheer size of the award, most such awards are granted to new CEOs. Outlets also note that Schmidt recently filed to sell $335 million in company shares.
Again a matter of perspective. Many people will find such a golden parachute indecent in the current economic climate. However, I’m sure that if he were interviewed on the matter, he would say that this is a fair compensation for the business value he contributed to generate for Google.
One single reality, multiple possible interpretations of it… what’s the truth? Is there only one? Who holds it?… I’m puzzled