An "unexpected shakeup" went down at Google today. Larry Page, company co-founder, will take over as CEO effective April 4. "Page, 37, is reclaiming the top job from Eric Schmidt, who had been brought in as CEO a decade ago because Google's investors believed the company needed a more mature leader," reports KTVU. "Schmidt, 55, will remain an adviser to Page and Google's other co-founder, Sergey Brin, as Google's executive chairman."
This news comes on the heels of Google's fourth-quarter earnings, which went above and beyond expectations. "Google earned $2.5 billion, or $7.81 per share, during the final three months of 2010. That's a 29 percent increase from net income of $2 billion, or $6.13 per share, in the prior year."
