Google - Schmidt is out as CEO

We don't normal report on our blog, we tend to post information.. However this announcement by Google definitely warrants a mention. Google just dropped a bombshell: Eric Schmidt is out as CEO (as announced in the company's earings report)
He will step down from the role starting April 4, and co-founder Larry Page will take charge of Google's day-to-day operations as CEO. Co-founder Sergey Brin will devote his energy to strategic projects like working on new products.

Schmidt will assume the role of Executive Chairman, focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership--all of which are increasingly important given Google's global reach. Internally, he will continue to act as an advisor to Larry and Sergey.