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Old Feb 2, 2008, 08:23 AM   #1
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Wild Canary
Join Date: Oct 2003
Location: United States Upper Midwest
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Arrow Google's Top 3 Executives Pledge 20 More Years

They did not sign in blood, Google's top brass pledge an oath of service to their company.

One traditional problem area for big companies is the issue of executive turnover. A shining example of this is Yahoo, who over the Summer had to install a new CEO, Jerry Yang, and now faces buyout and the resignation of its chairman, Terry Semel.

Competitor Google is aware of this potential pitfall, and its top executives are determined to do everything in their power to run a steady ship. In an interview with Fortune magazine, which is set to run February 4, Co-founders Larry Page and Sergey Brin, together with Chief Executive Eric Schmidt make a major revelation of a joint decision which will certainly effect the course of the company.

The trio apparently made a private pact, which they only now chose to unveil to the public, in August 2004, before the company's initial private offering.

They vowed that they would each commit at least 20 more years to the company and to working together. Schmidt states in the interview, "We agreed the month before we went public that we should work together for 20 years."

Source: DailyTech
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