Alphabet No Longer Needs Eric Schmidt's 'Adult Supervision'

Alphabet Executive Chairman Eric Schmidt just stepped down

Alphabet is all set to have a new face to take up the role of Executive Chairman of the Board of Directors now that Eric Schmidt has announced his retirement from the position.

"Larry, Sergey, Sundar and I all believe that the time is right in Alphabet's evolution for this transition", he said in the statement.

It said in a statement on Thursday that Schmidt will become a technical adviser to the company while continuing to serve on its board, Xinhua news agency reported. Schmidt had previously worked at Sun Microsystems and Novell before being hired by Brin and Page to run the company.

Tit for tat: Russian Federation mulls retaliation for USA sanctions
He died in jail in December 2009, and relatives and rights activists said he had been tortured and denied medical care. News broke earlier this year of the torture and killing of gay and bi men in Chechnya.

Schmidt, who joined Google in 2001 and served as its chief executive for a decade, will remain on the company's board. He also noted that he'd continue to be expanding his work in science and technology issues and philanthropy.

Like many high-profile tech figures, Schmidt has increasingly turned his hand to philanthropy.

In a time of heightened scrutiny on workplace behaviour and sexual harassment, Schmidt's personal life has also attracted attention. The 62-year-old has reportedly had romantic relationships with women outside Google, according to sources who spoke to the WSJ.

Pakistan issues visas to Indian spy Kulbhushan Jadhav's mother, wife
The visas for Jadav's wife and mother to visit Islamabad were granted by the Pakistan High Commission in New Delhi. India rejects Pakistan's claim that Jadhav was arrested on March 3, 2016, from Balochistan 's Mashkhel area.

Alphabet president Sergey Brin attends the 2018 Breakthrough Prize at NASA Ames Research Center on December 3, 2017 in Mountain View, California.

.

After officially stepping down from the top role in January, he will also become a technical advisor, fixing the Wi-Fi and whatnot. A spokeswoman said Schmidt was not selling any shares as part of the transition.

Google is hoping that Schmidt's move should enable him to bring the same focus and energy he brought to Google to his other interests, while continuing to advise Alphabet. Some of those "other bets" include self-driving cars, smart thermostats and internet-delivering balloons. Sundar Pichai remains CEO of Google, which is now a division of the larger holdings firm.

Salvation Army bell-ringer accused of stealing from collection kettle
If you'd like to donate money or items you can go to the Salvation Army Headquarters on South Washington in Bismarck. Anyone wishing to volunteer with a kettle is asked to contact co-ordinator Amy Rivait at 519-354-1430.

Alphabet shares were down less than a percent in after-hours trading at $1,070.85.

Related news:

Hot News

isis-killer-beheading-video-story-top Mourinho hints at Mkhitaryan return in Carabao Cup
Dec 22, 2017 - 02:16
Sherwood revealed on Sky Sports that Mkhitaryan is the one United player Manchester City boss Pep Guardiola would take. Talisca's loan spell will end at the end of the season and there has been reports linking him with a move to China.

isis-killer-beheading-video-story-top Apple will put an EKG reader on Apple Watch (I doubt it)
Dec 22, 2017 - 02:14
As with all things in development at Apple, there's no guarantee the company will ever follow this reported project to fruition. But they only monitor the heart's activity for short periods, limiting their ability to spot potential abnormalities.

isis-killer-beheading-video-story-top First trailer for 'Mamma Mia! Here We Go Again'
Dec 22, 2017 - 02:11
This is the multihyphenate legend's first screen role since 2010's Burlesque . 'Reprising their roles from Mamma Mia! New ABBA songs featured in Mamma Mia!

isis-killer-beheading-video-story-top Hickenlooper asks for $9.6M for children's health insurance
Dec 22, 2017 - 02:09
The 17,000 youths in CT would have to find another - more expensive - way to find health insurance if the program vaporizes. The 20-year-old program cost about $15.6 billion in fiscal 2016, funded nearly entirely by the federal government.

isis-killer-beheading-video-story-top Cold and Flu Season Takes Nasty Turn In Bloomington-Normal
Dec 22, 2017 - 01:22
Increased activity for the flu began earlier this season than usual in Kentucky and is expected to continue for several months. ADH noted that it only receives "a fraction" of the actual flu cases, so the overall burden of the illness could be higher.

isis-killer-beheading-video-story-top Suhaib Ilyasi sentenced to life imprisonment for wife's murder
Dec 21, 2017 - 01:54
Suhaib had been convicted of murdering his wife, who had suffered multiple stab wounds from a pair scissors. Ilyasi shot into the limelight after hosting the reality TV show " India's Most Wanted ".

isis-killer-beheading-video-story-top Kremlin unmoved by Trump's 'imperialist' new security strategy
Dec 21, 2017 - 01:43
The fallout heavily contrasts with the friendly relations between US President Donald Trump and his Chinese counterpart Xi Jinping.

isis-killer-beheading-video-story-top Jeep Cherokee Trailhawk Revealed
Dec 21, 2017 - 01:39
Fiat Chrysler is offering a sneak peek of the 2019 Jeep Cherokee , revealing some changes that will make it looks less polarizing. The Trailhawk also seems to have a slightly higher ride height for better capability on tough terrain.

isis-killer-beheading-video-story-top "The Voice" crowns season 13 victor
Dec 21, 2017 - 01:39
After graduating high school, she went to college to become an English teacher but made a decision to join a blues band instead. Kohanski beat Team Adam Levine's Addison Agen , Team Miley Cyrus' Brooke Simpson and fellow Team Shelton member Red Marlow .

isis-killer-beheading-video-story-top Shipping deadlines for last-minute Christmas gifts
Dec 21, 2017 - 01:35
For FedEx, the latest you can send out packages for overnight shipping is Thursday, December 21. December 19 is the last day to send packages with FedEx Express Saver and U.S.

isis-killer-beheading-video-story-top Ola to acquire Foodpanda India; commits investment of $200 million
Dec 20, 2017 - 01:41
Ltd has infused $200 million in an all-stock deal after which Foodpanda's India business will be transferred to Ola . Rocket Internet-backed Delivery Hero , which owns Foodpanda globally, will get a minority stake in Ola .

isis-killer-beheading-video-story-top McGregor not keen on Pacquiao fight
Dec 20, 2017 - 01:40
The Irish fighter stands to make more money in boxing, and Manny Pacquiao recently indicated that he could face McGregor in 2018. The lightweight champion has an interim champ in Tony Ferguson to fight, or perhaps a go at welterweight champion Tyron Woodley.

isis-killer-beheading-video-story-top MLS Commissioner To Make Announcement In Nashville
Dec 20, 2017 - 01:40
It was the favorite heading into last Thursday's MLS board of governors meeting. The three competing bids offered outdoor soccer stadiums.

isis-killer-beheading-video-story-top GTAA Confident They Can Avoid Atlanta Airport Situation
Dec 20, 2017 - 01:40
Authorities are encouraging passengers to check their flight statuses through their airline's website or app. Officials announced that power had been fully restored to the airport shortly after midnight.

isis-killer-beheading-video-story-top Disney's 'The Nutcracker and the Four Realms' Trailer Debuts
Dec 20, 2017 - 01:35
Keira Knightley , known for her role as Elizabeth Swann in the " Pirates of the Caribbean" series, is the Sugar Plum Fairy. Disney opens The Nutcracker domestically on November 2 and in the United Kingdom , where the film was shot, on October 26.