Jan. 21 (Bloomberg) — Google Inc. co-founder Larry Page will become chief executive officer, taking the reins from Eric Schmidt, who oversaw the transformation of a barely profitable startup with 200 employees into the owner of the world’s most- used search engine, with $29 billion in sales last year.
“Larry is ready,” Schmidt, who will become executive chairman, said on a conference call yesterday. “It’s time for him to have a shot at running this.”…
