Epochal restructuring for Google: born Alphabet Inc.
Alphabet is the new company that will collect under his new hat other companies that will carry out all the activities carried out by Google so far. Google will become a subsidiary of the same Alphabet.
Epochal revolution in the Mountain View: Larry Page has announced an extensive corporate restructuring by establishing the new Alphabet Inc., which will be CEO and President Sergey Brin, who will represent the ” parent company ” under which we will collect all activities to date in the domain of Google, out of the car without a driver to medical and scientific projects carried out in recent years.
Google itself will become a subsidiary of Alphabet and its CEO will Sundar Pichai, already Product Chief for Google. Inside the post on the official Google blog, with which is announced restructuring, Page writes: ” As Sergey and I wrote in the letter of foundation 11 years ago, Google is not a conventional company. We do not intend to become so. As part of this, we have also said that you can expect from us smaller bets in areas that might seem very speculative or even strange when compared to our business. We even wanted to do more and do something important and meaningful with the resources we have “.
” What is Alphabet? And mainly a collection of companies. The largest of which, of course is Google. This new Google will be slightly reduced, and the companies that are quite distant from our major products and services the Internet will be contained in Alphabet. This allows us to better dimension management, since we can operate independently of the things that are very linked. Our model is to have a strong CEO who work each task Alphabet with me and Sergey to be available for assistance. We will deal strictly with the capital to ensure that each business operates well. ”
Alphabet Inc. will replace Google Inc. as actually traded and all Google shares will be automatically converted in the same raw number of shares Alphabet, with the same rights. Google will become a fully owned subsidiary of Alphabet. Our two classes of shares will be traded on the NASDAQ as GOOGL and GOOG.
” We liked the name Alphabet because it is the collection of letters representing the language, one of the most important innovations of humanity, and is the center of how we index with Google search. We also like it to mean alpha-bet (Alpha is the investment return above the benchmark), which is what we are fighting for. I should add that this is not a consumer brand with its products – the point is that the company Alphabet should have the independence to develop their own brand. ”
Alphabet Inc.: http://abc.xyz
