Why is Schmidt stepping down at Google?Jan 21 2011

Over at the New Yorker, Ken Auletta has some insight into why Eric Schmidt is stepping down as Google's CEO.

Schmidt, according to associates, lost some energy and focus after losing the China decision. At the same time, Google was becoming defensive. All of their social-network efforts had faltered. Facebook had replaced them as the hot tech company, the place vital engineers wanted to work. Complaints about Google bureaucracy intensified. Governments around the world were lobbing grenades at Google over privacy, copyright, and size issues. The "don't be evil" brand was getting tarnished, and the founders were restive. Schmidt started to think of departing. Nudged by a board-member friend and an outside advisor that he had to re-energize himself, he decided after Labor Day that he could reboot.

He couldn't. By the end of the year, he was ready to jump on his own.

Why can't all "tech" journalism be like this? A single article on the topic, three paragraphs, all fact, properly sourced, no opinion, little speculation, no quotes from useless analysts. Reading something this spare and straightforward makes you realize how shitty TC, Mashable, SAI, and rest are.

Google's new CEOJan 20 2011

Eric Schmidt is stepping down as CEO (he'll remain the Executive Chairman) and Larry Page will become the new CEO in April.

Larry will now lead 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.

Sergey has decided to devote his time and energy to strategic projects, in particular working on new products. His title will be Co-Founder. He's an innovator and entrepreneur to the core, and this role suits him perfectly.

As Executive Chairman, I will focus wherever I can add the greatest value: externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are increasingly important given Google's global reach; and internally as an advisor to Larry and Sergey.