




It took fewer than 400 words for freshman Google Inc CEO Larry Page to set the tone for a strained relationship with Wall Street that could haunt him for years.
Google Inc's stunning 54% spending surge spooked investors already worried that its new CEO may take his eye off the bottom line to chase revenue growth, driving shares of the world's leading Internet search engine more than 5% lower.
The investor spotlight will land squarely on new Google Inc Chief Executive Larry Page, overshadowing decent, but uninspiring first-quarter financial results when the company reports its earnings on Thursday.
Google's outgoing Chief Executive Eric Schmidt said on Tuesday he expected to spend another 10 years at the company, after his surprise handover last week to co-founder Larry Page.
Google Inc will give a USD 100 million equity award to Eric Schmidt as he hands over the chief executive officer job to co-founder Larry Page, a spokesperson said.
One day after Google's surprise announcement that Larry Page would once again run the company, investors and industry insiders were wondering if he is up to a now very different job.
Google Inc said co-founder Larry Page will take charge of day-to-day operations as chief executive officer starting April 4.