|Born||Lawrence Edward Page
March 26, 1973 (age 44)
East Lansing, Michigan, U.S.
|Residence||Palo Alto, California, U.S.|
|Alma mater||University of Michigan
|Occupation||Computer scientist, Internet entrepreneur|
|Known for||Co-founder of Google Inc., CEO of Alphabet Inc, PageRank|
|Net worth||US$49.3 billion (January 2017)|
|Title||CEO of Alphabet Inc|
|Spouse(s)||Lucinda Page (m. 2007)|
Lawrence Edward Page (born March 26, 1973) is an American computer scientist and Internet entrepreneur who co-founded Google with Sergey Brin.
Page is the chief executive officer (CEO) of Google’s parent company, Alphabet Inc. After stepping aside as Google CEO in August 2001, in favor of Eric Schmidt, he re-assumed the role in April 2011. He announced his intention to step aside a second time in July 2015 to become CEO of Alphabet, under which Google’s assets would be reorganized. Under Page, Alphabet is seeking to deliver major advancements in a variety of industries.
As of October 2017, Page is the 12th richest person in the world, with an estimated net worth of US$47 billion.
Page is the inventor of PageRank, Google’s best-known search ranking algorithm. Page received the Marconi Prize in 2004
Soliciting funds from faculty members, family and friends, Brin and Page scraped together enough to buy some servers and rent that famous garage in Menlo Park. … [soon after], Sun Microsystems co-founder Andy Bechtolsheim wrote a $100,000 check to “Google, Inc.” The only problem was, “Google, Inc.” did not yet exist—the company hadn’t yet been incorporated. For two weeks, as they handled the paperwork, the young men had nowhere to deposit the money.”
In 1998, Brin and Page incorporated Google, Inc. with the initial domain name of “Googol,” derived from a number that consists of one followed by one hundred zeros—this represented the vast amount of data that the search engine was intended to explore. Following inception, Page appointed himself as CEO, while Brin, named Google’s co-founder, served as Google’s president. Writer Nicholas Carlson wrote in 2014:
While Google is often thought of as the invention of two young computer whizzes—Sergey and Larry, Larry and Sergey—the truth is that Google is a creation of Larry Page, helped along by Sergey Brin.
The pair’s mission was: “to organize the world’s information and make it universally accessible and useful.” With a US$1-million loan from friends and family, the inaugural team eventually moved into a Mountain View office by the start of 2000. In 1999, Page experimented with smaller sized server units so that Google could fit more into each square meter of the third-party warehouses that the company rented to store their servers, which eventually led to a search engine that ran much faster than Google’s competitors at the time.
By June 2000, Google had indexed one billion Internet URLs, or Uniform Resource Locators, making it the most comprehensive search engine on the Web at the time. The company cited NEC Research Institute data in its June 26 press release, stating that “there are more than 1 billion web pages online today,” with Google “providing access to 560 million full-text indexed web pages and 500 million partially indexed URLs.”
Early management style
During his first tenure as CEO, Page embarked on a passed attempt to fire all of Google’s project managers in 2001. Page’s plan involved all of Google’s engineers reporting to a VP of engineering, who would then report directly to him—Page explained that he didn’t like non-engineers supervising engineers due to their limited technical knowledge. Page even documented his management tenets for his team to use as a reference:
- Don’t delegate: Do everything you can yourself to make things go faster.
- Don’t get in the way if you’re not adding value. Let the people actually doing the work talk to each other while you go do something else.
- Don’t be a bureaucrat.
- Ideas are more important than age. Just because someone is junior doesn’t mean they don’t deserve respect and cooperation.
- The worst thing you can do is stop someone from doing something by saying, “No. Period.” If you say no, you have to help them find a better way to get it done.
Changes in management and expansion
Before Silicon Valley’s two most prominent investors, Kleiner Perkins Caufield & Byers and Sequoia Capital, agreed to invest a combined total of $50 million into Google, they applied pressure on Page to step down as CEO so that a more experienced leader could build a “world-class management team.” Page eventually became amenable to the idea after meeting with other technology CEOs, including Steve Jobs and Intel’s Andrew Grove. Eric Schmidt, who had been hired as Chairman of Google in March 2001, left his full-time position as the CEO of Novell to take on the same role at Google in August of the same year, and Page moved aside to assume the President of Products role.
As Google’s new CEO, Page’s two key goals were the development of greater autonomy for the executives overseeing the most important divisions, and higher levels of collaboration, communication and unity among the teams. Page also formed what the media called the “L-Team,” a group of senior vice-presidents who reported directly to him and worked in close proximity to his office for a portion of the working week. Additionally, he reorganized the company’s senior management, placing a CEO-like manager at the top of Google’s most important product divisions, including YouTube, AdWords, and Google Search.
In January 2013, Page participated in a rare interview with Wired, in which writer Steven Levy discussed Page’s “10X” mentality—Google employees are expected to create products and services that are at least 10 times better than those of its competitors—in the introductory blurb. Astro Teller, the head of Google X, explained to Levy that 10X is “just core to who he [Page] is,” while Page’s “focus is on where the next 10X will come from.” In his interview with Levy, Page referred to the success of YouTube and Android as examples of “crazy” ideas that investors were not initially interested in, saying: “If you’re not doing some things that are crazy, then you’re doing the wrong things.” Page also stated that he was “very happy” with the status of Google+, and discussed concerns over the Internet in relation to the SOPA bill and an International Telecommunication Union proposal that had been recently introduced:
… I do think the Internet’s under much greater attack than it has been in the past. Governments are now afraid of the Internet because of the Middle East stuff, and so they’re a little more willing to listen to what I see as a lot of commercial interests that just want to make money by restricting people’s freedoms. But they’ve also seen a tremendous user reaction, like the backlash against SOPA. I think that governments fight users’ freedoms at their own peril.
On August 10, 2015, Page announced on Google’s official blog that Google had restructured into a number of subsidiaries of a new holding company known as Alphabet Inc with Page becoming CEO of Alphabet Inc and Sundar Pichai assuming the position of CEO of Google Inc. In his announcement, Page described the planned holding company as follows:
|“||Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products contained in Alphabet instead. […] Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.||”|
As well as explaining the origin of the company’s name:
|“||We liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search! We also like that it means alpha‑bet (Alpha is investment return above benchmark), which we strive for!||”|
Page wrote that the motivation behind the reorganization is to make Google “cleaner and more accountable.” He also wrote that there was a desire to improve “the transparency and oversight of what we’re doing,” and to allow greater control of unrelated companies previously within the Google ecosystem.
In 2009, Page received an honorary doctorate from the University of Michigan during a graduation commencement ceremony. In 2011, he was ranked 24th on the Forbes list of billionaires, and as the 11th richest person in the U.S.
In 2015, Page’s “Powerful People” profile on the Forbes site states that Google is “the most influential company of the digital era”.
As of July 2014, the Bloomberg Billionaires Index lists Page as the 17th richest man in the world, with an estimated net worth of $32.7 billion. At the completion of 2014, Fortune magazine named Page its “Businessperson of the Year,” declaring him “the world’s most daring CEO”.
In October 2015, Page was named number one in Forbes’ “America’s Most Popular Chief Executives”, as voted by Google’s employees.
In August 2017, Page was awarded honorary citizenship of Agrigento, It