The founders of Google , Larry Page and Sergey Brin have started a new "collection of companies' call Alphabet, and includes Google. That's right, there is now a company larger than Google. Through a letter to investors, Page explained slightly Alphabet and the changes that will occur on Google, including the appointment of a new CEO, it will not be another Sundar Pichai. Page is placed as CEO of Alphabet, and Brin as President. Alphabet includes Google and other companies that had previously been under the umbrella of colors of Mountain View, such as X lab, the research arm Ventures and Capital and related to health, Calico and Life Sciences. "This new Google is a bit more compact, with companies that are furthest from our Internet products are within Alphabet" Page writes.
Alphabet puts too much power in the hands of Brin and Page. As Page explained:. "Overall, our model is to have a strong CEO to manage each business and Sergey service serving those in need We will rigorously capital allocation and will work to each business is operating correctly. We will also make sure we have a great CEO for every business, and will determine their compensation. " Page and Brin Google provide financial information separately for Alphabet in fourth quarter results. To be clear, Google is now a subsidiary wholly owned by Alphabet. For investors, Inc. Alphabet replaces Google Inc. in the public sector and all Google shares will be automatically converted into an equal number of shares of Alphabet, including existing rights.
"I must add that we do not intend to do with this great brand consumer products-the point is that companies must have indepedencia Alphabet and develop their own brands," says Page.
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