Google made the biggest management shake-up in a decade on Thursday, handing the reins of the company to one of its co-founders in an effort to rediscover its start-up roots, reports the New York Times. As it has grown into the dominant company in Silicon Valley, Google has lost some of its entrepreneurial culture and become a slower-moving bureaucracy, analysts and insiders say, in contrast to Facebook, Twitter and other younger, more agile competitors. To counter this, the company announced that Larry Page, its 38-year-old co-founder, would take over as chief executive from Eric E. Schmidt, a technology industry veteran who was brought in a decade ago to provide adult supervision, as Silicon Valley calls it…

Click here for the full story

About the Author:

staff and wire services reports