The news that Larry Page has been named as ‘CEO of the year’ by Investor’s Business Daily has received mixed emotions from the world of technology and internet. Page who took over as the CEO of Google in April 2011 is without doubt one of the most visionary CEOs of these times and there won’t be too many opposing that opinion. But there are a group of critiques who have been pointing out that the decision to award him as the ‘CEO of the year’ by Investor’s Business Daily has been a haste one and doesn’t really reflect the amount of work (or its lack) that he has been doing.
While supporters sang praise for Larry Page on this announcement, there were many who questioned the decision. The common emotion behind supporting this news is his cut throat approach at advancing Google as a company. He has been diversifying immensely with Google as has been indicated by the various new products that Google has introduced since his appointment. Not only Page has improved (both technically and marketing-wise) on the hit mobile operating system Android, he has also shown the ruthlessness that any CEO must possess by striking a multi-billion dollar deal overtaking one of the giant’s in mobile phone production, namely Motorola. Page’s diversification in other popular aspects would be the introduction of Google Plus and Google’s very own online coupon service. Both these services were launched rivaling the present market leaders Facebook and Groupon in mind, respectively. All these accompanied with the striking increase in Google’s turnover during the last 2 financial quarters support the decision of declaring him as the CEO of the year.
On the other hand critiques have been complaining about this announcement citing reasons like Page has been at the helm of Google since April 2011. Not even a year has passed since this appointment and 2 financial quarters is a very short time to reach this big conclusion. They reason that android’s success has hardly anything to do with page’s appointment. Android’s success is more down to the brilliance of its developer Andy Rubin. People have also been questioning the impacts that the takeover of Motorola might have on Google. Sceptics have been expressing their concern about whether Motorola’s problems would be resolved under Page’s regime. News and rumour has also been surfacing about how the multi-billion dollar takeover has crimpled Google’s hiring plans as a cost cutting measure. To add more to the list, it has been suggested that the explosive growth that Google has seen in its revenues over the last 2 financial quarters (32% and 33% respectively) is not down to Page’s appointment. People have been drawing parallels with Apple’s present CEO and pointing out that growth in revenue is normally owing to the historical developments of a company rather than the short term present’s.
Who is right, and who is wrong, still remains to be seen. And its only time and Larry Page who can show that to us in the future.