Larry Page Takes Over as Google CEO
Google co-founder Larry Page (pictured) is taking over the company's CEO role from Eric Schmidt, who will remain an adviser to the company. The shock announcement was made in concert with Google's 2010 fourth quarter results, which exceeded analyst expectations.
Net income rose 29 per cent to $US2.54 billion, or $US7.81 a share, from $US1.97 billion, or $US6.13, a year earlier, Google said on its website. Search ad spend rose 23 per cent in the US, according to Efficient Frontier. Sales, excluding revenue passed on to partner sites, were $US6.37 billion, topping the $US6.06 billion average of estimates.
