Eric Schmidt steps down as CEO of Google

Oh no! Adult supervision is no longer needed!

When was the last time you heard those words from a CEO?  I have been told time and time again that my little startup will need "adults" running it when it gets bigger.  How is it possible for a company like google to no longer need the adults?

In the article, they talk about how Google failed with products like Buzz and the lack of proper social networking but does an internet company like google need to have their fingers in every pot?  Do they have to have a great social networking site?

I think one of google's strengths is its advertising, video streaming, search engine, business applications, blogging etc.  I don't think Google should be jumping on an established bandwagon.  They should be looking five to ten years ahead and see what is going to be replacing facebook, what is going to be replacing iphones, what is going to be replacing search engines.

That was a big mistake by Microsoft.  They tried to get their fingers into everything else and forgot that their main business was software.   Now they are scrambling.  It wasn't just the EU verdict that put Microsoft where it is today, it was also their inability to look ahead.

Yahoo is another company that is just painful to watch.  Come on folks!  Every year you become more and more a brand name with nothing behind it... pitiful.

Mr. Schmidt might have felt like he was the supervising grown-up but that role is what helps stabilize a large company and will Larry Page want to be the grown up managing Google?  Being a visionary and being a manager of the mundane are two very different things. 

What do you think?  Does a company need only one person leading the pack?