Trump meets tech leaders
Trump and Pence meet with tech industry leaders at Trump Tower. Trump:
This is a truly amazing group of people. I won’t tell you the hundreds of calls we’ve had asking to come to this meeting. I’m here to help you folks do well. And you’re doing well right now and I’m very honored by the bounce. They’re all talking about the bounce. So right now everybody in this room has to like me — at least a little bit — but we’re going to try and have that bounce continue.
Pichai becomes CEO
Senior vice president Pichai becomes Google’s CEO. Page:
A key part of this is Sundar Pichai. Sundar has been saying the things I would have said (and sometimes better!) for quite some time now, and I’ve been tremendously enjoying our work together. He has really stepped up since October of last year, when he took on product and engineering responsibility for our internet businesses. Sergey and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google. I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations.
Hired by Google
Porat is hired as Google’s CFO, two weeks after the previous CFO, Patrick Pichette, announced his decision to retire from the role in a candid memo about work/life balance. She will start May 26. Page:
We’re tremendously fortunate to have found such a creative, experienced and operationally strong executive. I look forward to learning from Ruth as we continue to innovate in our core—from search and ads, to Android, Chrome and YouTube—as well as invest in a thoughtful, disciplined way in our next generation of big bets.
Porat:
I’m delighted to be returning to my California roots and joining Google. Growing up in Silicon Valley, during my time at Morgan Stanley and as a member of Stanford’s Board, I’ve had the opportunity to experience first hand how tech companies can help people in their daily lives. I can’t wait to roll up my sleeves and get started.