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the dynamic duo of sir gayed brin and larry page won't hold -- sir gayed brin and larry page won't holdey brin and larry page. tuesday's announcement makes it absolutely clear mr page and mr brin aren't running the company anymore. while the pair are willing to sing managing duties it means they won't give up ultimate power. between them they control 51% of voting rights on alphabet‘s board. base won't change was that they like on the role to being proud parents of the company, looking on with closing just don't care. it means, should they feel the need, they can override any decision the new president makes it any more than a pa rental president makes it any more than a parental because we said so. dave lee, bbc news in san francisco. let's get some of the day's other news: china's foreign ministry has expressed "strong indignation" at the passing, by the us house of representatives, of a bill demanding sanctions on senior chinese officials for the repression and detention of hundreds of thousands of uighur muslims in xinjiang. the bill passed overwhelmingly and now goes to the senate
the dynamic duo of sir gayed brin and larry page won't hold -- sir gayed brin and larry page won't holdey brin and larry page. tuesday's announcement makes it absolutely clear mr page and mr brin aren't running the company anymore. while the pair are willing to sing managing duties it means they won't give up ultimate power. between them they control 51% of voting rights on alphabet‘s board. base won't change was that they like on the role to being proud parents of the company, looking on...
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Dec 4, 2019
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larry page and sergey brin are both said to be stepping down with google ceo sundar pichai set to takever that position. sundar pichai will be the ceo of google and alphabet. page and brin will remain on the board. how big of a surprise was this? >> a pretty big surprise. there were questions of how much longer sundar might want to be ceo of google. google is under a massive amount of scrutiny. he has a lot of things to juggle. there have been internal protests. this really was a surprise where basically he has had to deal with all these things and he will be back dealing with all of the other things happening under the alphabet umbrella which includes self driving cars and other things. taylor: with larry and sergey as visionaries, and sundar as -- where do they fit in? >> i think larry page is the main visionary people think of when they think of google and the driving force, but larry and sergey together, they obviously founded the search engine and turned that into what it was today. larry was the driving force behind the idea that they be seven or eight years ago, google is going
larry page and sergey brin are both said to be stepping down with google ceo sundar pichai set to takever that position. sundar pichai will be the ceo of google and alphabet. page and brin will remain on the board. how big of a surprise was this? >> a pretty big surprise. there were questions of how much longer sundar might want to be ceo of google. google is under a massive amount of scrutiny. he has a lot of things to juggle. there have been internal protests. this really was a surprise...
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the two men who founded google, larry page and sergey brin, are stepping aside from running its parent company. the tech billionaire elon musk claims in court that he did not literally call a british cave diver a paedophile. and the winner is — all of them. the four artists shortlisted for the turner prize declare themselves a collective, and the prestigious prize is shared between them. hello to you. with president trump in london at an international summit, his opponents in washington have moved against him, with the next phase of the impeachment inquiry that has the potential to remove him from office. he has described it as an unpatriotic witch—hunt, a one—sided sham. but the latest report from the house of representatives, which is dominated by the democrats, claims there is ‘overwhelming' evidence that mr trump placed personal political interests "above the national interests of the united states," pressuring a foreign government to interfere on his behalf in next year's presidential election. there is flash photography in this report from peter bowes. page after page, the case t
the two men who founded google, larry page and sergey brin, are stepping aside from running its parent company. the tech billionaire elon musk claims in court that he did not literally call a british cave diver a paedophile. and the winner is — all of them. the four artists shortlisted for the turner prize declare themselves a collective, and the prestigious prize is shared between them. hello to you. with president trump in london at an international summit, his opponents in washington have...
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so larry page and brin did a great job.olved into something else and the future of google is about a.i., making these services sort of predictive and more convenient and all the issues that go along with that. that's sort of a new thing that they're not as equipped to deal with. and pichai clearly has a vision for that. cheryl: he'll have to deal with something, and this is the news of the day, we've got the nato summit going on right now and president trump coming out specifically yesterday and saying why am i going to let the french tax u.s. tech companies, if anybody is going to tax them, it's going to be me. that's pretty close to his words yesterday. pichai has to handle this now, deal with regulators on both sides of the pond. >> he's been pretty adept at doing that. he doesn't create the controversy that a lot of the other founders do, just by saying something or saying the wrong thing. we've seen that with mark zuckerberg and others. that founders glow brings a lot of attention and a lot of sort of scrutiny. cheryl:
so larry page and brin did a great job.olved into something else and the future of google is about a.i., making these services sort of predictive and more convenient and all the issues that go along with that. that's sort of a new thing that they're not as equipped to deal with. and pichai clearly has a vision for that. cheryl: he'll have to deal with something, and this is the news of the day, we've got the nato summit going on right now and president trump coming out specifically yesterday...
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Dec 3, 2019
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larry page saying he will step down. a letter that larry page and sergey brin just made public. pichai owing to take over both of these businesses. they say in the letter that they undar is the future of this company and they have kind of elevated him. joe: i think the perception, he has done phenomenally well. the letter is from sergey and nowy, that with alphabet fully established and others operating as independent companies, it is now time to simplify the management structure. of course, they both stepped aside. eric schmidt. they are used to handing over control to others when the time is right. as thee sundar pichai one. scarlet: sundar pichai, running google, basically the most profitable part of alphabet. futuristic,t, the moon shot bets. that no one is really expecting to be profitable anytime soon. he was the one running the business that shareholders cared about. you have to wonder, larry page was not exactly a visible spokesperson for google the last several years, or for alphabet for that matter. he was not
larry page saying he will step down. a letter that larry page and sergey brin just made public. pichai owing to take over both of these businesses. they say in the letter that they undar is the future of this company and they have kind of elevated him. joe: i think the perception, he has done phenomenally well. the letter is from sergey and nowy, that with alphabet fully established and others operating as independent companies, it is now time to simplify the management structure. of course,...
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google goliath — 20 years after students larry page and sergey brin created the search giant, they'reanding over control of its trillion—dollar parent alphabet. diversity dearth — a new report warns britain's top companies lack of black, asian, and minority ethnic bosses. we ask an expert why. and on the markets: there is real concern about trade. we have seen declines right across the board from wall street and following on today in asian trading time. 20 years after engineers larry page and sergey brin created the search giant google at stanford university, they're relinquishing control of its parent alphabet to ceo sundar pichai. it's the biggest shake—up of leadership the tech titan has seen and highlights how the firm has swelled into a near trillion—dollar tech empire, with youtube and self—driving cars in its stable. here's dave lee in san francisco. this move represents the most significant shakeup of leadership at google since its inception. the first only dynamic duo of sergey brin and larry page, the legendary silicon valley partnership, won't hold important management role
google goliath — 20 years after students larry page and sergey brin created the search giant, they'reanding over control of its trillion—dollar parent alphabet. diversity dearth — a new report warns britain's top companies lack of black, asian, and minority ethnic bosses. we ask an expert why. and on the markets: there is real concern about trade. we have seen declines right across the board from wall street and following on today in asian trading time. 20 years after engineers larry page...
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larry page and sergey brin step back w
larry page and sergey brin step back w
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these two are in their mid— 40s, so —— sur gay brin —— sergey brin and larry page. world, they have done pretty well from their scientific, computer background. but when you think about the reach of google and regulators and governments are looking at its reach and what it does with our data, there are so many questions about this company. i don't use it myself because google harvests all the data they are taking, i use duckduckgo and apple maps. so one of the few people who isn't using google all the time, but that is because they harvest your data all the time and do clever things with it. with that they have generated a considerable amount of wealth. and you are saying that sergey brin was originally from russia? he lived in the soviet union, and lived in moscow. he then came over to the west in the late 70s. really interesting. we will talk about this later. mark is back for our news briefing, of course. let's talk about another well—known billionaire in the tech industry. elon musk, founder of electric car company tesla, has told a court he did not literally ca
these two are in their mid— 40s, so —— sur gay brin —— sergey brin and larry page. world, they have done pretty well from their scientific, computer background. but when you think about the reach of google and regulators and governments are looking at its reach and what it does with our data, there are so many questions about this company. i don't use it myself because google harvests all the data they are taking, i use duckduckgo and apple maps. so one of the few people who isn't...
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larry page and sergey brin exit stage right, the founders of alphabet end their attempt to turn the companynto the warren buffett of tech. sherry: let's get a check on markets. of greeneing a sea with the s&p 500 jumping the most in over one week, reversing three sessions of losses. theave another u-turn for traded narrative, more positive sentiment that we could avoid that december 15 tariff. we can see every sector on the s&p 500 and the green, energy and financials leading the gains. the financials rising as we see yields a gaining ground, this after the 10 year yield saw the biggest decline since august. oil is also rallying. we had u.s. stockpiles of more than expected, not to mention we are heading toward the opec meeting. one thing i am watching, pg and e, surging by the most in about two months. a rise of 17% in the intraday session.w e have heard from -- we have heard from them that they could be near a $13.5 billion deal with wildfire victims. sources of saying the final agreement is not yet in place, but this could involve a lump sum payment for the beginning of the year, then th
larry page and sergey brin exit stage right, the founders of alphabet end their attempt to turn the companynto the warren buffett of tech. sherry: let's get a check on markets. of greeneing a sea with the s&p 500 jumping the most in over one week, reversing three sessions of losses. theave another u-turn for traded narrative, more positive sentiment that we could avoid that december 15 tariff. we can see every sector on the s&p 500 and the green, energy and financials leading the gains....
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gaggle rcofoun sergei brin and larry page are stepping back.urrentooe ceo sundar pichai is also going to be become the parent -- the ceo of the parent company ahabet. and as deedra bosa reports the new boss faces list of challenges. >> it's the end of an era at one of tech's biggest and most successful companies. google cofounder larry page and sergey brin are hanng over the reins to engineer turned manager sundar pichai. pichai has been overseeing the core business ase goo ceo but now as alphabet ceo is he ready to take the company int the next decade? one that is fraught with more challenges and threats than ever? regulatory battles in the u.s. and europe are brewing. eue activism on the rise. and privacy practices are under fire. now pich is relatively untested when it comes to the type of battles other big tech ceoss like facebook's mark zuckerberg and apple's tim cook have been fighting. another clalg for pichai could be actual control. while he gets the full ceo tie, larry page and sergey brinll are salphabet's biggest sharmds still retai
gaggle rcofoun sergei brin and larry page are stepping back.urrentooe ceo sundar pichai is also going to be become the parent -- the ceo of the parent company ahabet. and as deedra bosa reports the new boss faces list of challenges. >> it's the end of an era at one of tech's biggest and most successful companies. google cofounder larry page and sergey brin are hanng over the reins to engineer turned manager sundar pichai. pichai has been overseeing the core business ase goo ceo but now as...
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larry page and sergey brin step back with sunder pichai taking the reins.hery: we are counting down to gdp, trade and retail data from australia. it may offer a mixed picture of the economy. ahead of all those numbers, let's take a look at how australian markets are kicking up trading. what are you seeing? sophie: investors taking their cue from the pullback we saw on wall street. ozzie shares up a share of 1% after losing more than 2% on tuesday which was the worst session for the asx 200. we have seen some upside but little change for the s&p. aussie bonds tracking the overnight rally that we saw in treasuries. the aussie 10 year yield falling as much as 11 basis points ahead of australia's third-quarter gdp report. checking in on the offshore yuan. breaking through a support level for the currency, propping the 100 day moving average to fall to the lowest level in more than a month. volatility is going up. pulling up this chart, i want to show you this picture as we are seeing the offshore yuan two-week vol continuing to surge. that is the blue light on
larry page and sergey brin step back with sunder pichai taking the reins.hery: we are counting down to gdp, trade and retail data from australia. it may offer a mixed picture of the economy. ahead of all those numbers, let's take a look at how australian markets are kicking up trading. what are you seeing? sophie: investors taking their cue from the pullback we saw on wall street. ozzie shares up a share of 1% after losing more than 2% on tuesday which was the worst session for the asx 200. we...
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larry page and sergei brennan brinnced -- sergey announced they are stepping down.emain active and remain on the board. on tuesday -- >> it was a pretty big surprise actually. there had been some questions about how much longer send our dar would want to be ceo of google. google is under a massive amount of scrutiny. there have been internal protests within the company. this really was a surprise. he has basically had to deal with all of these things and now he will be back dealing with all of those things that happen under the apple umbrella, -- sergey ared visionaries and sundar is an executioner. where they fit in? se together founded the search engine more than -- larry and sergey together founded the search engine more than 15 years ago. he pushed them into things like self driving cars. -- his background came from a more core google background where he ran the chrome web browser, chrome operating system. he worked his way up to the company. he can be seen as more of a operations guy and certainly 2015, sunappened in dar has been the one to deal with more of th
larry page and sergei brennan brinnced -- sergey announced they are stepping down.emain active and remain on the board. on tuesday -- >> it was a pretty big surprise actually. there had been some questions about how much longer send our dar would want to be ceo of google. google is under a massive amount of scrutiny. there have been internal protests within the company. this really was a surprise. he has basically had to deal with all of these things and now he will be back dealing with...
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and president of its parent company out of it larry page and sergey brin famously set up the search engine in a garage in california back in 1990 that since then they've become 2 of the richest men in the world with a combined net worth of more than $100000000000.00 remain on the alphabet board google chiefs on the pitch will step up to the to also be c.e.o. of the parent company. as bring in financial correspondent shell to do it in frankfurt chelsea how important were the google phone biz for the business up to now. well certainly brad and larry appear to are obviously very important symbolically as a as you said of this company from a garage to one of the most important companies in the world but they have really stepped back over the past couple of years especially since they reorganized alphabet and google and 2015 and since then larry page has really been publicly facing at all he hasn't really attended congressional hearings he hasn't been on shareholder calls his into an employee meeting that's all sort of fallen to the chives so they've really been setting him up to sort of take o
and president of its parent company out of it larry page and sergey brin famously set up the search engine in a garage in california back in 1990 that since then they've become 2 of the richest men in the world with a combined net worth of more than $100000000000.00 remain on the alphabet board google chiefs on the pitch will step up to the to also be c.e.o. of the parent company. as bring in financial correspondent shell to do it in frankfurt chelsea how important were the google phone biz for...
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reshuffle at one of the world's most valuable company google's parents' alphabet says goodbye to larry page and sergey brin as top executives and appoint school c.e.o. chart as the new boss we'll tell you what that promotion means for the future of the company. also on the show the global auto industry is on the cusp of a colossal transformation yes one of germany's top managers if it's a threat to german automakers. and its role week in amsterdam we sent our reporter called the stand along for a closer with the latest and coolest groener. for business on the w i'm. the founders of google are stepping down as c.e.o. and president of its parent company out of it larry page answered grim famously said of the search engine and california back in 1908 since then they've become 2 of the richest men in the world with a combined net worth of more than $100000000000.00 the remain on the alphabet board google chief char will step up to also be the c.e.o. of the parent company. right let's find out more with the w. financial correspondent here in new york it's good to see you well the google stock we
reshuffle at one of the world's most valuable company google's parents' alphabet says goodbye to larry page and sergey brin as top executives and appoint school c.e.o. chart as the new boss we'll tell you what that promotion means for the future of the company. also on the show the global auto industry is on the cusp of a colossal transformation yes one of germany's top managers if it's a threat to german automakers. and its role week in amsterdam we sent our reporter called the stand along for...
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a reshuffle at one of the world's most valuable company schools parent alphabet says goodbye to larry page and sergey brin desktop executives and appoints google c.e.o. will someday be chary as the new boss we'll tell you what that promotion means for the future of the company. also on the show markets face increasing confusion about the progress of u.s. china trade talks trumps announcement send mixed signals and experts are unsure where the trade war is heading. and amsterdam girl week kicks off in the netherlands not only to show what you can do with the latest flying robots but also to think about how to solve critical security issues for the border is their. concern for business on the u.w. and yet i guess it's good to have you with us the founders of google are stepping down as c.e.o. and president of its parent company alphabet larry page and sergey brin famously set up the search engine in their garage in california back in 1988 since then they've become 2 of the richest men in the world with a combined net worth of more than 100000000000 dollars the remain on the alphabet board go
a reshuffle at one of the world's most valuable company schools parent alphabet says goodbye to larry page and sergey brin desktop executives and appoints google c.e.o. will someday be chary as the new boss we'll tell you what that promotion means for the future of the company. also on the show markets face increasing confusion about the progress of u.s. china trade talks trumps announcement send mixed signals and experts are unsure where the trade war is heading. and amsterdam girl week kicks...
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connell: larry page had an interesting moment last year, right?to come up to testify. he said no. that became like a clint eastwood empty chair type deal, there was no larry page. you're right the power of subpoena is there, investigations are going on by almost all attorneys general on, on google and other tech companies. and they would still be the ones, you think would have to speak for the company, the founders? >> well depends who they subpoena. the subpoena power is not unlimited, right? you can always challenge it. the supreme court has long-standing desire to allow congress to s&p who they want, as long as they're advancing a legitimate legislative purpose. the line is drawn, if it can be determined or shown that it is for political gain. you're simply seeking to advance your political career. you're seeking information to advance yourself. and that is something that would be subject to dispute. connell: that is something we rarely see in washington of course. we'll see how that debate goes. good to see you, mark. thanks for coming on. >>
connell: larry page had an interesting moment last year, right?to come up to testify. he said no. that became like a clint eastwood empty chair type deal, there was no larry page. you're right the power of subpoena is there, investigations are going on by almost all attorneys general on, on google and other tech companies. and they would still be the ones, you think would have to speak for the company, the founders? >> well depends who they subpoena. the subpoena power is not unlimited,...
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larry page and sergey brin were both hands off.bet, google relationship was that alphabet would be the investment body. the two founders of the company would look to channel the moonshot projects, but the ceo can't be as hands-off as they wanted to be, taking over the entire company is to formalize a relationship that has already existed. alphabet's new business and googles were starting to blend anyway. recently, there was a controversy with a health care company where google was creating a search for it and out of is investing in data management and health care. be company was supposed to independent but got brought in under the google umbrella. they have blended together and this is making it formalized. anna: from what you said, it doesn't sound like this will have much of an impact from the day-to-day running of google perspective. how does this set google up for the future, where we understand the focus will be around data privacy, regulation, policy, all those matters? vlad: that is correct. day today, there are ceos and peo
larry page and sergey brin were both hands off.bet, google relationship was that alphabet would be the investment body. the two founders of the company would look to channel the moonshot projects, but the ceo can't be as hands-off as they wanted to be, taking over the entire company is to formalize a relationship that has already existed. alphabet's new business and googles were starting to blend anyway. recently, there was a controversy with a health care company where google was creating a...
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larry page and sergey brin announced they are stepping down from the tech giant. the google ceo will now be the ceo of both google and alphabet. page and brin will remain active as cofounders and remain on the board. i spoke to guests on tuesday. >> it was a pretty big surprise. there had been questions about how much longer sundar might want to be ceo of google. those questions have been a bubbling up a little bit. google is under a massive amount of scrutiny. he has a lot of things to juggle. there have been internal protests. this really was a surprise where basically he has had to deal with all these things and he will be back dealing with all of the other things happening under the alphabet umbrella which includes self driving cars and other things. taylor: with larry and sergey as visionaries and sundar is a good executioner, where they fit in as leaders? >> larry was the main visionary when people think of google. larry and sergey together, they obviously founded the search engine more than 15 years ago and built that into what it was is today. larry was the
larry page and sergey brin announced they are stepping down from the tech giant. the google ceo will now be the ceo of both google and alphabet. page and brin will remain active as cofounders and remain on the board. i spoke to guests on tuesday. >> it was a pretty big surprise. there had been questions about how much longer sundar might want to be ceo of google. those questions have been a bubbling up a little bit. google is under a massive amount of scrutiny. he has a lot of things to...
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google cofounders larry page and sergey brin are stepping down.search long for a new ceo. we will have the latest. plus, dorsey on the move. the twitter ceo is set to spend half the year in africa.
google cofounders larry page and sergey brin are stepping down.search long for a new ceo. we will have the latest. plus, dorsey on the move. the twitter ceo is set to spend half the year in africa.
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liberty. ♪ david: google cofounders larry page and sergei are stepping down.claim they are leaving as i way to get away from answering politicians, elizabeth warren saying, contbrats o, congratulae move, larry page, a quick reminder we still do expect you to ipo of beforbefore before te, changing your name will nottic. exempt you. should they go before congress? >> self proclaimed capitalist elizabeth warren at it again. look. i have news for you, they will go before congress because they will be asked to. and for whatever reason, they will get blasted by congress for doing this that and the other thing, they have done a magnificent job of growing a business. people making billions of dollars, secretaries becoming management and millionaires, or the horror of it all. expect it we'll see it, and same thing will happen to amazon, facebook, anyone who tries to get big will be rolled up on there because, they want to break them up, because success is bad. >> this is a circus, i can't blame them, they are innovators, they want to focus on that, not have this side s
liberty. ♪ david: google cofounders larry page and sergei are stepping down.claim they are leaving as i way to get away from answering politicians, elizabeth warren saying, contbrats o, congratulae move, larry page, a quick reminder we still do expect you to ipo of beforbefore before te, changing your name will nottic. exempt you. should they go before congress? >> self proclaimed capitalist elizabeth warren at it again. look. i have news for you, they will go before congress because...
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. >> dan, we have some breaking news that cnbc's just been able to confirm and that is that larry pageis role as ceo of alphabet. google ceo will take over the alphabet role. what's your immediate reaction on that? >> don't get me wrong. page is one of those people who will go down in history, obviously. you look at how -- googling has become a verb, right there's very few people who have started a company are the name of the company has become a verb so he's obviously a great visionary, because he hasn't been that involved with day-to-day operations for a few years. i don't see that as a big deal the stock will have a negative reaction, i would think, tomorrow because of it, but from a day-to-day operations of the company, i don't think it will operate it that much obviously, bill gates is not there. they've done very, very well you'll probably have a one-day negative reaction, which you should, in honor of what a great founder he was of google, but other than that, i don't view it as a big deal. >> strategically, what are the big questions that sundar pichai has to answer for google
. >> dan, we have some breaking news that cnbc's just been able to confirm and that is that larry pageis role as ceo of alphabet. google ceo will take over the alphabet role. what's your immediate reaction on that? >> don't get me wrong. page is one of those people who will go down in history, obviously. you look at how -- googling has become a verb, right there's very few people who have started a company are the name of the company has become a verb so he's obviously a great...
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the co—founders of google, larry page and sergey brin, are stepping down from their roles as chief executiveresident of its parent company, alphabet. they said they believed it was time to assume the role of proud parents. google‘s ceo sundar pichai will now run both tech firms. for the first time in its 35 year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity. the 12—year—old boy killed in a hit—and—run incident outside a school in essex has been named as harley watson. he was struck near debden park high school on monday afternoon. a 51—year—old man has been arrested on suspicion of murder, as well as the attempted murder of five other people injured in the crash. our correspondent tolu adeoye reports from loughton. harley watson has been described by his family as a good, kind, helpful and lovely boy. in a statement released this evening they have said they are devastated by his
the co—founders of google, larry page and sergey brin, are stepping down from their roles as chief executiveresident of its parent company, alphabet. they said they believed it was time to assume the role of proud parents. google‘s ceo sundar pichai will now run both tech firms. for the first time in its 35 year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a...
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melissa: a change at top for one of biggest tech giants in america, sundar pichai will replace larry page and his fellow cofounder saying in an open letter, this is a natural time to simplify the strucksure. connell: no big deal, right. >> you are showing off again. connell: now let's talk about baseball. this story is not positive for a lot of people, lending support to underdogs. bernie sanders had a meeting with major league baseball commissioner rob manfred, voicing the opposition to plan that baseball has to cut 42 minor leagues across the country, we have rick french. he is co-owner of one of the teams in florida, ther to tortugas. how would daytona, this area be different without your team? >> well, thank you connell, i thought that melissa's lead in story about porch pirates was appropriate, in what he is doing to rip the soul out of professional baseball. it would hurt daytona. in daytona beach if is our only professional sports team, we've been playing minor league baseball for a hundred years, jackie robinson growth the color barrier, i find it ironic there are 42 teams this ar
melissa: a change at top for one of biggest tech giants in america, sundar pichai will replace larry page and his fellow cofounder saying in an open letter, this is a natural time to simplify the strucksure. connell: no big deal, right. >> you are showing off again. connell: now let's talk about baseball. this story is not positive for a lot of people, lending support to underdogs. bernie sanders had a meeting with major league baseball commissioner rob manfred, voicing the opposition to...
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as larry page steps down google's head of parent company.ood afternoon, good evening, good morning, everyone this is "bloomberg surveillance." tom keene is in new york. extended live coverage from the nato summit. we have been watching world leaders arrived for the last hour. we also had tweets, president trump saying it was good to speak to president boris johnson about nato and also about trade. i wonder whether a lot of leaders will be much more guarded after we had that video that was released of president macron, mr. trudeau of canada, and others speaking about the president without knowing they were recorded. what will be interesting here is after the day, it is an invented full-day with the president -- eventful day with the president returning to washington. what i find more notable is the meeting with the president of the united states with the chancellor of the republic of germany, that should be most interesting. to say the least. the secretary of state there talking. right now we talk it up with first word news with viviana hurta
as larry page steps down google's head of parent company.ood afternoon, good evening, good morning, everyone this is "bloomberg surveillance." tom keene is in new york. extended live coverage from the nato summit. we have been watching world leaders arrived for the last hour. we also had tweets, president trump saying it was good to speak to president boris johnson about nato and also about trade. i wonder whether a lot of leaders will be much more guarded after we had that video that...
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the parent company, alphabets, larry page, bryn had stepped down.dible] is now the ci - ceo of that committee. the stock is up. david joins us and have you had imports on why they moved and why they move down now? >> no invasion as to why they move now but i have information that they have not been involved in senior leadership for quite some time. they brought in quite a significant senior team. my old ceo of c morgan stanley has now been a google for some time and capable senior executive and have a good leadership team and these are technology guys. it is fun for them and they are ready to move to something different had the adult taken over now. >> it's become unfunded in last five years and that's why they are stepping away. i think timing is a surprise i don't think this fact that they're handing over their ratings as a surprise because that's the reason they even spun out out of alphabet back in 2015 but they knew larry page and brin would take a backseat for the public face of this company and it's interesting and i quite enjoy their goodbye
the parent company, alphabets, larry page, bryn had stepped down.dible] is now the ci - ceo of that committee. the stock is up. david joins us and have you had imports on why they moved and why they move down now? >> no invasion as to why they move now but i have information that they have not been involved in senior leadership for quite some time. they brought in quite a significant senior team. my old ceo of c morgan stanley has now been a google for some time and capable senior...
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those headlines, but many of them clever all about google that's where we're going to start at both larry pagey brin step down from their operating roles at the company's parent action alphabet, needing both chief executive roles to be filled kara swisher joins us now on the phone. kara, i was just talking about this last hour in a way this just smells fishy to me if you're a shareholder looking at the precedent this sets these guys are young, 46 i don't know that we've had any precedent for a tech company, a giant of this size, a controlled company, where the founders say, hey, we still want absolute say over what happens, we just don't want an operating role or to be chairman of the company. have we seen this before, kara >> well, in little places. the founder of ebay left the company and put it in the hands of meg whitman and it was a significant company at the time and he went off and did a whole bunch of things and still was quite involved and the biggest shareholder. you know, bill gates left the company. at one point he was not that much older but he was slightly older. >> but those wer
those headlines, but many of them clever all about google that's where we're going to start at both larry pagey brin step down from their operating roles at the company's parent action alphabet, needing both chief executive roles to be filled kara swisher joins us now on the phone. kara, i was just talking about this last hour in a way this just smells fishy to me if you're a shareholder looking at the precedent this sets these guys are young, 46 i don't know that we've had any precedent for a...
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larry page and sergey brin will leave their respective roles as alphabet‘s ceo and president but willstudy says the growth in global co2 emissions has slowed this year, as coal use in the us, china, india, and europe dropped. the report was issued at the climate change conference in madrid, but experts have warned that the drop in coal is offset by the strong growth in natural gas and oil consumption. uk prime minister borisjohnson says he plans to push ahead with a digital services tax on mulitnational technology companies. he says it's to ensure they pay their "fair share". it come as the us is threatening to impose tariffs on a number of french products such as cheese, champagne and handbags after france said it would impose a 3% digital services tax on technology companies. now, let's talk about something that emerged overnight. the us house of representatives has passed a bill which aims to counter china's treatment of uighur muslims by imposing sanctions on chinese officials. the bill would still need approval from the senate and president trump to become law. but already, the m
larry page and sergey brin will leave their respective roles as alphabet‘s ceo and president but willstudy says the growth in global co2 emissions has slowed this year, as coal use in the us, china, india, and europe dropped. the report was issued at the climate change conference in madrid, but experts have warned that the drop in coal is offset by the strong growth in natural gas and oil consumption. uk prime minister borisjohnson says he plans to push ahead with a digital services tax on...
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the co—founders of google, larry page and sergey brin, are stepping down from their roles as chief executiveresident of its parent company, alphabet. they said they believed it was time to assume the role of proud parents. google‘s ceo sundar pichai will now run both tech firms. for the first time in its 35—year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a collective. they said that they wanted to make a statement of solidarity and multiplicity. it is about 2:30am in the morning. now on bbc news: electioncast, with adam fleming. good evening all, welcome to tonight's election cast. now, we're looking for examples of where the snap election they have mucked up your life logistics. maybe you are planning a summit of nato leaders, and in the middle of it there was an election campaign instead. it doesn't have to be background. let us doesn't have to be background. let us by e—mailing us. or, you can use the hashtag and we will read out, but probably not be able to solv
the co—founders of google, larry page and sergey brin, are stepping down from their roles as chief executiveresident of its parent company, alphabet. they said they believed it was time to assume the role of proud parents. google‘s ceo sundar pichai will now run both tech firms. for the first time in its 35—year history, britain's prestigious turner prize has been awarded to all four shortlisted artists. the decision was prompted by the artists themselves, who declared themselves a...
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a reshuffle at one of the world's most valuable company parents alphabet says goodbye to larry page and sergey brin s top executives and the points you will see also indict the chart as the new boss will tell you what that promotion means for the future of the company. also on.
a reshuffle at one of the world's most valuable company parents alphabet says goodbye to larry page and sergey brin s top executives and the points you will see also indict the chart as the new boss will tell you what that promotion means for the future of the company. also on.
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we will see how the company will fare without google founders sergey brin and larry page.xt. this is bloomberg. ♪ taylor: now back to our top story -- major changes in alphabet with founders larry page and sergey brin stepping down from there roles. -- ceorent google studio will also become ceo of alphabet, so does this marked a new chapter for alphabet and its ?mployees more and more, we are seeing big tech companies lose their founders, now more run by operators. where are we in that shift? >> we are going through, one by one, the biggest companies are making that transition. it has been happening for a long time. steve jobs passed away. it has been one big company after another. -- couplecouple left major ones, facebook and amazon. what i think is happening is as these companies mature, they no longer have the need for the same visionary founder, the engineer who came up with these whizbang products. you need someone who is a solid manager, someone who can manage the supply chain, someone like tim cook at apple, someone who's got management traps who's got the sensibili
we will see how the company will fare without google founders sergey brin and larry page.xt. this is bloomberg. ♪ taylor: now back to our top story -- major changes in alphabet with founders larry page and sergey brin stepping down from there roles. -- ceorent google studio will also become ceo of alphabet, so does this marked a new chapter for alphabet and its ?mployees more and more, we are seeing big tech companies lose their founders, now more run by operators. where are we in that shift?...
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larry page says he's stepping down google chief is taking over as head of the parent company and sergitepping down and that position eliminated it calls the division other bets also when pichai game the google ceo. page and bren said with alphabet well established, it is the natural time to simplify our management structure they say we've never been ones to hold on to management roles they no longer need two ceos the company says its voting structure will not change. shares of alphabet are up this morning. >> rahel, thank you for that update still on deck, legends of the hidden temple meet game show set for the disney streaming platform that is coming up. ♪ introducing a razor that works differently. the gillette skinguard has a guard between the blades that helps protect skin. the gillette skinguard. woman: friction points, those obstacles that limit a company's growth. i try to find companies that turn these challenges into opportunities. it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. >>> as ca
larry page says he's stepping down google chief is taking over as head of the parent company and sergitepping down and that position eliminated it calls the division other bets also when pichai game the google ceo. page and bren said with alphabet well established, it is the natural time to simplify our management structure they say we've never been ones to hold on to management roles they no longer need two ceos the company says its voting structure will not change. shares of alphabet are up...
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. >> larry page stepping down. what's next for the company. >>> and slack reporting results after the bell tonight we'll tell you the one thing wall street's watching for when power lunch returns. >>> welcome back, everyone i'm sue herera, here's your cnbc news update at this hour brian kemp has chosen kelly laughler to fill a vacancy in the u.s. senate. this going against president trump's preferred candidate. >> i am angered by the impeachment circus, i oppose it, it's a distraction and a side show. just imagine what could be done if democrats could stop fighting president trump and start working together >>> a train derailed in colorado, it happened this morning. no injuries were reported luckily. the cause of the wreck is under investigation. >> and former president jimmy carter is feeling better after being hospitalized for a urinary tract infection. he's looking forward to returning home soon to a south georgia medical center where he was taken over the weekend >> sue, thank you. >> let's get a check on marke
. >> larry page stepping down. what's next for the company. >>> and slack reporting results after the bell tonight we'll tell you the one thing wall street's watching for when power lunch returns. >>> welcome back, everyone i'm sue herera, here's your cnbc news update at this hour brian kemp has chosen kelly laughler to fill a vacancy in the u.s. senate. this going against president trump's preferred candidate. >> i am angered by the impeachment circus, i oppose...
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and president of the parent company alphabet larry page and sergey brin famously set up the search engine in it garridge in california back in 1998 chiefs and china will step up to the c.e.o. of that. german n.t. mobile has launched the 1st the u.s. is 1st nationwide 5 g. network it says it will cover about 2 thirds of the population team says it will often more coverage when its merger with sprint is finalized. now the war in syria has not only caused death and displacement is pushed many into poverty the country is heavily reliant on food imports but the currency is getting weaker by the day at the beginning of the week the syrian pound it's a new record low. the cost of war is not only paid in blood here in the syrian city of it lived this restaurant has raised its prices yet again. the inflation is too high may god help the people when it comes to a falafel sandwich the price has gone up because of the high price of the raw materials and that forced us to raise the price of the sandwich. when war broke out in syria 9 years ago $47.00 syrian pounds would buy $1.00 now it takes $920.00
and president of the parent company alphabet larry page and sergey brin famously set up the search engine in it garridge in california back in 1998 chiefs and china will step up to the c.e.o. of that. german n.t. mobile has launched the 1st the u.s. is 1st nationwide 5 g. network it says it will cover about 2 thirds of the population team says it will often more coverage when its merger with sprint is finalized. now the war in syria has not only caused death and displacement is pushed many into...
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new chief executive summed up the child i will take the reins of alphabet succeeding co-founder larry page it comes as google faces a raft of antitrust inquiries by the u.s. congress and justice department as well as european authorities. canary has hit the philippines leaving at least 2 people did. more than 150 kilometers an hour brought down trees and electrical posts and forced hundreds of thousands to evacuate and international airport was shut down with hundreds of flights canceled . the next climate activist has arrived in the portuguese capital lisbon headed for the un climate summit in madrid she'd had been attending climate protests in the united states and made the entire transatlantic crossing by boat had refused to fly back to europe because of the carbon emissions. the final moments of a nearly 3 week journey across the atlantic ocean from the united states to lisbon portugal. looked tired and happy to be back on dry land the 16 year old swede said she took the transatlantic voyage by boat to prove a point. i'm not 8 travelling like this because i wanted everyone to do so i'm
new chief executive summed up the child i will take the reins of alphabet succeeding co-founder larry page it comes as google faces a raft of antitrust inquiries by the u.s. congress and justice department as well as european authorities. canary has hit the philippines leaving at least 2 people did. more than 150 kilometers an hour brought down trees and electrical posts and forced hundreds of thousands to evacuate and international airport was shut down with hundreds of flights canceled . the...
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the co—founders of google, larry page and sergey brin, are stepping aside from running the company.h cave diver a paedophile. and the winner is — all of us. the turner art prize is awarded to the four shortlisted artists after they declare themselves a collective.
the co—founders of google, larry page and sergey brin, are stepping aside from running the company.h cave diver a paedophile. and the winner is — all of us. the turner art prize is awarded to the four shortlisted artists after they declare themselves a collective.
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alphabet technologies and google founders sergey brin and larry page step down.nded by sending the stock up 2% that day. here to discuss, we are joined by sophie alexander as well as bloomberg technology senior executive editor brad stone. every analyst on the street said this is a great thing, they are consolidating. we now have a clear man in charge. what is your take? monumental is moment. larry and sergey have been receding from public view. it does represent a rollback of the alphabet structure, putting one person in charge. i think the street is reacting the way they did because they that he will bring some discipline to those far off bets. most of them pretty well but not a lot to show for the others. taylor: and as we transition from the business back to the founder, one said frankly if i were worth $50 billion, i, too would just take a leave and just had an island somewhere. you have been following them. what is their story? >> actually $60 billion. and they have seen a pay bump. in the past few days after the news, shares rose 3%. $1.6 billion at on for
alphabet technologies and google founders sergey brin and larry page step down.nded by sending the stock up 2% that day. here to discuss, we are joined by sophie alexander as well as bloomberg technology senior executive editor brad stone. every analyst on the street said this is a great thing, they are consolidating. we now have a clear man in charge. what is your take? monumental is moment. larry and sergey have been receding from public view. it does represent a rollback of the alphabet...
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larry page and sergey brin who founded google in a garage in 1998 are stepping down from running itspping down from running its parent company alphabet. they will remain on the board and the current google boss will serve as chief executive officer of both google and alphabet. they asked dave lee why they decided to give all the responsibilities to him. an interesting move because the reason my alphabet was created in the first place was to create some distinction between google comedy bit of the company that makes money, and the other projects under alphabets such as waymo, the self—driving car company, things like internet balloons, the fact that he will be running all of that it will be interesting to see how investors feel about that. i have distress that while page and brimble step—down from being ceo and president, between them they will still have 51% of the voting rights on alphabet‘s board. so while sundar pichai may have more control over the day—to—day running of the company ultimately think it's to say the final say will be down to sergey brin and larry pay. that was dave
larry page and sergey brin who founded google in a garage in 1998 are stepping down from running itspping down from running its parent company alphabet. they will remain on the board and the current google boss will serve as chief executive officer of both google and alphabet. they asked dave lee why they decided to give all the responsibilities to him. an interesting move because the reason my alphabet was created in the first place was to create some distinction between google comedy bit of...
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. >> plus, alphabet's shake-up google's founders, larry page and sergey brin both step away from theirurrent official roles, but still control the votes at the overall company. >> and another setback for boeing, united tapping rival airbus to upgrade its new transatlantic fleets stocks looking to recoup some losses from yesterday's sell-offs. some renewed optimism about u.s. china trade talks. moments ago the at nato summit in london, the president did say discussions with beijing are going well this comes a day after he said it might be better to wait until after the election to strike a deal another piece this morning is that reuters has jared kushner added to the negotiating team having meetings with the chinese ambassador. >> that would signal more people who are globalists involved. a globalist. but when we -- every time we make a conversation about this, the chinese move the goal post we don't know why. the more pressure you get on hong kong, that's just a different thing entirely from trade and i think the pla, the army feels very threatened remember, the hard-line, they have a
. >> plus, alphabet's shake-up google's founders, larry page and sergey brin both step away from theirurrent official roles, but still control the votes at the overall company. >> and another setback for boeing, united tapping rival airbus to upgrade its new transatlantic fleets stocks looking to recoup some losses from yesterday's sell-offs. some renewed optimism about u.s. china trade talks. moments ago the at nato summit in london, the president did say discussions with beijing...
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warren tweeting this, congrats on the move, larry page.ck reminder, we do still expect you to testify before congress and changing your title while staying on the board and retaining control of it will not exempt you from accountability. cheryl: warren is drafting a bill aimed at reversing mega mergers. it would require regulators to review two decades of deals and ban them going forward if she's elected president, obviously. the pentagon shooting down reports that the u.s. is sending additional troops to the middle east. the wall street journal is reporting that president trump was considering sending an additional 14,000 service members as a way to help counter iran. but a pen pentagon spokeswoman tweeted to be clear, the reporting is wrong. there are currently 60 to 80,000 service members in the middle east currently. ashley: two people are dead after a u.s. sailor opens fire at the pearl harbor naval shippeshipyard. two people were killed before the shooter turned the gun on himself. a motive is not known the at this time. this comes d
warren tweeting this, congrats on the move, larry page.ck reminder, we do still expect you to testify before congress and changing your title while staying on the board and retaining control of it will not exempt you from accountability. cheryl: warren is drafting a bill aimed at reversing mega mergers. it would require regulators to review two decades of deals and ban them going forward if she's elected president, obviously. the pentagon shooting down reports that the u.s. is sending...
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elizabeth warren tweeting congrats on the move, larry page quick reminder, we do still expect you totify before congress and changing title while staying on the board and retaining effective control of it will not exempt you from accountability i had a mean rant about this yesterday yesterday. i feel similarly to elizabeth warren they still got voting control of the company. you can say sundar pichai is running it, he is working for those two specifically they've got all of the votes that matter. where do you think it leaves google, stephanie, better place or about the same? >> in terms of the leadership of the organization or in terms of having to testify before congress >> all of the above. i guess in a sense, sundar is maybe more on the hook than before, and larry is maybe less, unless you talk to elizabeth warren who says nothing has changed. >> i think elizabeth warren's tweet was smart in the sense she reminded the general public, even though they're stepping down, they're very much the boss of this entity and again, people that watch the show, they're sophisticated, they under
elizabeth warren tweeting congrats on the move, larry page quick reminder, we do still expect you totify before congress and changing title while staying on the board and retaining effective control of it will not exempt you from accountability i had a mean rant about this yesterday yesterday. i feel similarly to elizabeth warren they still got voting control of the company. you can say sundar pichai is running it, he is working for those two specifically they've got all of the votes that...
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emily: from the outside, we don't see a lot of larry page. still the right person to be leading alphabet in the middle of all of this, given all of this? astro: larry and sergey are the two most phenomenally creative people i've ever met in my life. and they set a standard and support that standard percolating throughout the organization. it's why alphabet is the way it is. that's not an argument that either larry or sergey are perfect human beings, but i think, pretty clearly, alphabet would be worse off if we didn't have support at the top from larry and from sergey. astro: so you would say the same applies from larry, as to sergey, even though sergey has also had some of his own issues that we don't need to get into? but you know, in this day and age, some executives are being held to a higher standard. astro: i have low confidence, very low confidence, to be honest, that if we swap larry and sergey out for one or two other people, that we would be better off, even in the sort of human elements that we say that we care so much about. ♪ astr
emily: from the outside, we don't see a lot of larry page. still the right person to be leading alphabet in the middle of all of this, given all of this? astro: larry and sergey are the two most phenomenally creative people i've ever met in my life. and they set a standard and support that standard percolating throughout the organization. it's why alphabet is the way it is. that's not an argument that either larry or sergey are perfect human beings, but i think, pretty clearly, alphabet would...
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thank you lawrence in mountain view the 2 founders of google larry page and sergei brin are stepping down from their roles with their parent company alphabet. >>google ceo sundar pichai will become ceo of alphabet page had been serving as ceo of alphabet well britain was founders promise that they plan to stay at activists board members and shareholders. >>and for workers fired from google last week are now planning to file a federal labor complaint against the company. they claim the company retaliated against them for organizing workers around social causes. the 4 former employees say they're preparing to file unfair labor practice charges with the national labor relations board. >>the fbi is on the hunt for an american born terrorist how much the bureau is offering for information leading to the arrest of this man. >>and it's like something out of a comic book, the new device california police are testing to try to stop a suspect in his or her tracks. >>and next their home caught fire while they were on thanksgiving vacation, what this tennessee family says save their home. the vin
thank you lawrence in mountain view the 2 founders of google larry page and sergei brin are stepping down from their roles with their parent company alphabet. >>google ceo sundar pichai will become ceo of alphabet page had been serving as ceo of alphabet well britain was founders promise that they plan to stay at activists board members and shareholders. >>and for workers fired from google last week are now planning to file a federal labor complaint against the company. they claim...
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. >> larry page stepping down as alphabet ceo sundar pichai ceo both of google and alphabet in terms of day to day unlikely to see major changes which is why you may missouri not see a lot of change in the alphabet stock. under google umbrella pichai ran advertising cloud devices, software he has been ceo since august of 2015 since then alphabet stock has soared relative broad are market but underperformed wig tap peerings remember the split from alphabet to google. alphabet was the place where the moon shot including way missouri, self-driefgt stores internet balloons and health care projects. perhaps the question now is what happens to those money-losin initiatives? will we see more financial zmin under pichai and ruth porat from wall street mo has been known for financial dplin. as pichai steps up does he step away from those and the traditional businesses like advertising paying for them. >> deirdre bosa wove been tweeting over this news when it broke. what do you make of this, karen? >> well, i think it shouldn't be a huge change. i mean, this is a very big -- the largest positi
. >> larry page stepping down as alphabet ceo sundar pichai ceo both of google and alphabet in terms of day to day unlikely to see major changes which is why you may missouri not see a lot of change in the alphabet stock. under google umbrella pichai ran advertising cloud devices, software he has been ceo since august of 2015 since then alphabet stock has soared relative broad are market but underperformed wig tap peerings remember the split from alphabet to google. alphabet was the place...
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larry page will step down from his role. sundar pichai will take over. google represents 99% of the revenue. he is co-founder of that. that role of alphabet will be eliminated entirely. the cofounder said this it is natural time to simplify our management structure. we're never ones to hold on to management roles when we think there is a better way to run the company. the backstory, in 2015 google reorganized to form the parent company alphabet. that was to separate what they called the other bets, initiatives like driverless cars from google and search. pichai was running android and chrome before he took over as ceo of google so he had a long track record there. here is the key, page and brin will be remain actively involved on the board. they have controlling voting shares and that structure will not change. if they're not comfortable with something they will still out vote pichai. outsiders are saying not surprised by the changing and the timing. google employees have been speaking out against some of the company policies so there is some controversy
larry page will step down from his role. sundar pichai will take over. google represents 99% of the revenue. he is co-founder of that. that role of alphabet will be eliminated entirely. the cofounder said this it is natural time to simplify our management structure. we're never ones to hold on to management roles when we think there is a better way to run the company. the backstory, in 2015 google reorganized to form the parent company alphabet. that was to separate what they called the other...
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Dec 4, 2019
12/19
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BLOOMBERG
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larry page and surrogate written -- sergey brin stepping down. join me on the phone is a bloomberg in tech reporter. what is the why behind this? >> this formalizes something that has been going on for a couple years. larry and sergey have not been around the company they speak at meetings internally care they meet with executives, but they never talk to the press. when regulators and politicians wanted to hear particularly from larry page about what google was , he completely avoided them and let sunder pichai pick up the slack. this formalizes the situation we have had for a while now. is running the whole thing. the take away is that it could be the end of this whole alphabet spearmint, this warren style system of splitting up the future bets of google from the main revenue base and working that into different units. we are curious to see -- does he start to selloff inside google? does he lower the amount of funding that these ideas get? alix: thank you so much. investors are in a long list of economic data this week -- eyeing a long list of e
larry page and surrogate written -- sergey brin stepping down. join me on the phone is a bloomberg in tech reporter. what is the why behind this? >> this formalizes something that has been going on for a couple years. larry and sergey have not been around the company they speak at meetings internally care they meet with executives, but they never talk to the press. when regulators and politicians wanted to hear particularly from larry page about what google was , he completely avoided...