For Google CEO Larry Page, a Difficult Premiere Role
When Google Inc. co-founder Larry Page announced that he would take over as chief executive earlier this year, he promised that he would shake up the Internet search giant to speed up decision making. Instead, much of the shaking up has happened to the new CEO.
Challenges have piled up for Page since he assumed his post in April. They include a broad U.S. antitrust probe of the company’s practices; the settlement of a long-running criminal investigation into Google’s advertising business; and shifting industry forces that led him to make a deal to buy mobile-device maker Motorola Mobility Holdings Inc. Since he took on his new role, the company’s stock price has declined 9.1 percent, compared with a drop of 8.42 percent for Nasdaq stocks as a whole.
