It seems that the move may not have only ended Google’s presence in China, but also Schmidt’s tenure.
In a piece in the New Yorker,
Author Ken Auletta argues that the decision to pull Google (GOOG) out of China was the turning point for outgoing CEO Eric Schmidt in his decision to step down from the company’s Chief Executive role.
Ultimately the fact that Schmidt was not making the tough decisions was demotivating.
By most accounts, the three Larry Page, Sergey Brin and Schmidt often agree, but when they don’t Schmidt finds himself on opposing sides of Brin and Page is the tie breaker. It makes sense, then, that Page takes the helm as he was the one that ultimately decided which direction to take Google. Brin is also taking a back seat of sorts, moving into projects he’s “personally passionate about”, not necessarily at Google.
Auletta also indicates that Schmidt’s role as Chairman might not be a permanent one, but one that will be a year long transition as Schmidt looks for other roles outside the company. Indeed, Schmidt announces a plan to take a pretty big stock payout which seems to indicate a departure is in the works.
Incidentally, Auletta’s book is being made into a movie, one which will now have a major plot turn.