Like many people struggling just to stay afloat through stagnant wages in an uncertain economy, Google CEO Sundar Pichai announced yesterday that he’s doing what so many of us have: getting a second job.
As is the case for some many of us Pichai’s job titles are both “CEO,” and in taking on the role as head of Alphabet – Google’s parent company – he is arguably now his own boss, as well as his own direct report. As exiting heads and co-founders of the company, Larry Page and Sergey Brin, wrote in a company blog yesterday, “We’ve never been ones to hold on to management roles when we think there’s a better way to run the company. And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet.”
At this time it is not clear if Sundar will collect a salary for both roles, though as CEO of Alphabet, he may feel the CEO of Google has earned a little extra. (Very little, perhaps; Page, who served as Alphabet CEO until today and is worth an estimated $59 billion (£45 billion), makes $1/£0.76 a year in the role.) As the co-founders wrote:
Today, in 2019, if the company was a person, it would be a young adult of 21 and it would be time to leave the roost. While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents – offering advice and love, but not daily nagging!
With Google undergoing some very public labour unrest and tech as an industry maturing from pie-eyed evangelising startups to a handful of mega-monopolies increasingly scrutinised by lawmakers and annoying journalists, it seems Brin and Page have – as with many people coasting into middle age – found a nice way of saying they’ve made their money, this whole thing is a headache, and lets just make it someone else’s problem already.
Featured image: LM Otero (AP)