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Eric Schmidt Steps Down as Google CEO Larry Page Takes Over

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Eric Schmidt has decided to step down from the position of CEO at Google. This news came in at the same time that Google posted record profits for the year. Larry Page will take over the position as CEO while retaining his current position as well. The other founder of Google will also keep his current position. Schmidt will stay around long enough to prepare Larry Page and get him brought up to speed, as things are much different than they were when Page was last running the company.

Even with this news, Google’s stock is on the rise at the time of this article.


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