Listen: Brin, Google And President discussed on Squawk Pod
"Shakeup right at the top of alphabet Larry Page announcing he's stepping down as CEO and Google Chief Sundar is taking over. As head of the parent company in addition to his current role Brin stepping down as alphabets president in that position addition be eliminated in a bog post page and Brin said it's the natural time to simplify our management structure. They say they've never been ones to hold onto management roles roles when I think there's a better way to run the company and they say alphabet and Google no longer need to CEO's in a president President and page and Brin remain on the board and are still the controlling shareholders. Both young and so I mean. It's it's the amount of money that you re. Yeah Right. Yeah they have and their young. But it's an amount amount of money that that we can't we need scientific notation really just to talk about those guys right. Just the market caps nearly a trillion dollars. Google flex go in there are they. Maybe they're fifty right. There was just wishful thinking. Everybody's getting older for the stock itself. This is positive or not much changes it gives certainty on who the control. He's he's I also think it's it's somewhat similar to what Tim Cook has has successfully done with apple with statesman relationship with president trump from the founder. I I I think we need to know from Google. Who is the executive at Alphabet Alphabet? That is going to be communicating with Washington. DC In a very critical point in the company's history over the next couple of years and this is the gentleman that's that's"