According to an interview in Fortune magazine, the deal was struck back in August 2004–just prior to the company’s IPO. To add a little twist to the relationship, CEO Eric Schmidt is also in on the deal–oh good, I get to use “menage à trois” in a blog post!
“We agreed the month before we went public that we should work together for 20 years,” said Schmidt, who added that he will be 69 years old by that time. Page would be 51 and Brin 50.
No word whether this agreement was ever put in writing, so we’ll see if it holds true.