larry paige stepping down from the role sundar pachai, got it, nailed it the current google ceo will step up to the big chair. investors seem to like the news with the stock up 2% today but did he just get promoted to the worst job in silicon valley? here with more is cnbc.com technology editor steve kovack he gets -- he gets all those businesses that -- that are loss leaders. >> right. >> suddenly, he has to take responsibility for those but he really couldn't say i want to exit those because he has no voting -- they still keep voting control so what? is he in charge or not >> he still has to answer at the end of the day to larry paige and sergei who have majority stake on the board they said we're going to maintain and be active board members. and all these other bets we talk about at alphabet, those are their pet projects the smart cities the crazy, self-driving cars all that curing deaf. >> that's another one i wanted to focus on. you know, if they need a little more money for that, i think we should do that you know what i'm saying are they getting close >> not even close. but t

larry paige is stepping down as alphabet and sergei brin is giving up all together. sugo has been with google since 2004 and led the android and chrome divisions. >>> and starbucks is giving away coffee for life, yes, the company launching its annual holiday contest promising five grand prize winners, a daily credit for free food or drink item for life or 30 years, whichever comes first. other prizes include starbucks for a year, six months and so on. you can win a playstation 4 or movie tickets. you have to be a starbucks rewards member to enter. marcus and laura, back to you. >> ahh. >> free coffee from anywhere for a live time. >> free coffee for life? >> free? i don't drink coffee and i'll take it. >> my fiance owns a coffee place. getting coffee for life. >> you are. i do. >> yes, i do. >> lucky you. >> thanks, rahel. the windowforest. look at your window. hi the v in walnut creek right now, and so it is really hard to see, just allow extra time to get to work this morning, with all of this rain falling it looks to continue as we go throughout the day. we'll tal

larry paige and ser gay started google back in 1998. then they moved to alphabet, the parent company. today they announced they'll be stepping away from their role. in a blog boast, they said the company is 21 years old and it's time for it to grow up. the ceo of google will become the ceo of alphabet and google. >>> tonight one of the most dangerous roads in fremont might be getting safer. the city council is voting on the future of niles boulevard which is where a woman and her dog were hit and killed in a cross walk just last week. nbc bay area laura sam has the rorter: k a car while biking along niles boulevard. >> this little honda type car and just went right around me. >> reporter: and watch how long it takes this woman to cross. three cars go by before one finally lets her through. >> it can be used as awe speedway at times. people who are not used to it will fly through here quickly. >> reporter: last friday night a woman and her dog we are hit and killed while crossing. this is a picture of the suspect's car. witnesses say the

the appointment comes a week after larry paige stepped away from the company. >>> up next, events from an east bay hotel with dozens of dogs inside. one piece of technology to help track down the missing pups. >>> taking action to prevent teenagers from vaping where ecigarette sales could be banned. at at&t we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet. we've created access from at&t california households with at least one resident who receives snap or ssi benefits. may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow, to learn more. >>> 2,000 dogs are safe tonight after the van they were in was stolen from a fremont hotel parking lot. the dogs are being driven from all over the country to waiting owners. tonight there are questions about whether all those dogs have been recovered. jodi hernandez has been talking to worried dog owners. she joins us live. jodi. >> rep

after founding google, larry paige bowing out stocks up 50% since going public in 2004.shakeup mean for investors? jim? >> i don't know. i googled sex discrimination in google and i came up with way too much and there's -- there's an investigation, the top level, they can't be bought maybe they needed a little cleanup at the top. >> i think he's exactly right, scott. and this is one of the best ways to do it and, you know, i think basically do as i say, not as i do that has been a problem at google for a while. >> sure has. >> and now, they're going to address it i think the new person in charge is going to address that so look for some significant changes. >> you mean the new person in charge >> yeah. i think you're going to see them clean house over there not with the engineers and so forth that are critical to their success. but a lot of the folks up at the higher level that are part of those reports jim just held up i think a lot of those people will be gone and this gives them more free reign to do that. >> what does it mean for the stock? >> it's a buy. >> is it a

the two founders sergei brynn and larry paige stepping away from leadership roles. they'll both be board members and largest shareholders as well. the ceo of google will be ceo of alph. and some degree sergei were in charge of the thing overall so the end of an era. the pair started a group called page rank and became the best search range out there. to 18 they put picahi in charge. and as of yesterday, he's now in charge of the entire operation. ceo of both google and alphabet. in a letter to shareholders the two founders wrote "if the company was a person it would be a young adult of 21 and it would be time to leave the roost." hmm. >> hmm. >> so there we've got the situation at google very unusual to see the two ceos, founders stepping away from the company. again will still be on the board. this comes as google faces a lot of challenges with the u.s. government. >> it's got to change. >> a lot of change. >> it's been so interesting to be here. >> it has. >> to see the company evolve. >> from a couple guys at sta stanford. >> amazing. it's 5:14. >>> a warning as

to blame, i think that brennan and page are honorable guys and brilliant guys i'm friends with larry paige60 million but all their businesses -- i can't see -- they've got problems of anti-trust issues, privacy issues of course the digital advertising business is slowing for them they are creating a great threat they're cutting into the seo model that was ex speed ya's model. he's a smart engineer and he's got credibility. there's nobody on the planet better for him than the job. but i do think you've got to worry about 46-year-old guys that have 13% of the company and control 50% ownership. >> and that's not going to go away great to get your thoughts today. thanks for joining us. >> thanks, bye-bye. >> up next, last-minute tax moves, the end of the year is quickly approaching and there are a few key things you can do to help benefit your money in a big way. "closing bell" will be right back my parents never taught me anything about managing money. the amount of student loan debt i have, i'm embarrassed to even say. we just decided we didn't want debt any longer. ♪ i didn't realize how ea

larry paige saying i will step aside as well, sundhar has taken over expedia performing quite well.go you may recall, tim sloan, of course, not unexpected, late march stepped down, stocks up so.4% since then, charlie sharpe of course taking over. boeing we talked about very early, we've had one sex or two to digest that news. gap, we mentioned it earlier, down 2.3%. what can you say is fundamental also what has to do with the ceo departing? finally they put pg & e, that bankruptcy is too complicated, so many moving parts. >> all four of these companies have very specific issues around them they're not sector issues. iwas struck by a few people. uber, kanick wework kevin burns, also, so slightly different question, i'm wondering if this is sort of the high watermark for founder gurus, are they out of fashion now? are they out of style? or do we have less tolerance we don't want raw visions >> bob, it's a good question if their company is losing money hand over fist, perhaps the spacious not quite there as much as it was, even bezo,s, people point out they were cash flow positive quic