google alphabet

Google founders Larry Page and Sergey Brin have created a “collection of companies,” which includes Google, under a new holding company called Alphabet. According to a letter to investors, Page will run Alphabet as CEO alongside its president Sergey. Sundar Pichai will be promoted from product chief to CEO of the slimmed down Google. A CEO will be appointed to each other companies in the collective. Google is spinning out its businesses under the operational overhaul to become a wholly-owned subsidiary of newly created Alphabet. Companies not relevant to the Google’s internet products will be spun out into their own companies under the Alphabet umbrella. The aim of the operating overhaul is to allow Google to focus on developing its own products, while enabling other Alphabet s...