{"id":2455,"date":"2015-08-10T15:01:59","date_gmt":"2015-08-10T22:01:59","guid":{"rendered":"http:\/\/kmtechblog.com\/?p=2455"},"modified":"2015-08-10T15:01:59","modified_gmt":"2015-08-10T22:01:59","slug":"google-now-part-of-new-company-named-alphabet-sundar-pichai-named-google-ceo","status":"publish","type":"post","link":"https:\/\/kmtech.blog\/?p=2455","title":{"rendered":"Google now part of new company named Alphabet, Sundar Pichai named Google CEO"},"content":{"rendered":"<p>Google is now part of a larger collection of companies that\u2019s named Alphabet. The new CEO of Google is Sundar Pichai. The CEO of Alphabet is Google\u2019s former CEO Larry Page, and Sergey Brin will serve as the president. Head spinning? Mine too.<\/p>\n<p><!--more--><\/p>\n<p>\u201cWe\u2019ve long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes,\u201d Page said of the news. \u201cBut in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant.\u201d Uncomfortable indeed, and I don\u2019t think anyone really saw this coming.<\/p>\n<p>Page explained that the new firm, Alphabet, is a \u201ccollection\u201d of companies that includes Google. \u201cThis newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products contained in Alphabet instead,\u201d Page said.<\/p>\n<p>Here\u2019s a longer explanation of what\u2019s going on, also from Page:<\/p>\n<blockquote><p>What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and <a href=\"http:\/\/www.calicolabs.com\/\">Calico<\/a> (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren\u2019t very related. Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. We\u2019ll also make sure we have a great CEO for each business, and we\u2019ll determine their compensation. In addition, with this new structure we plan to implement segment reporting for our Q4 results, where Google financials will be provided separately than those for the rest of Alphabet businesses as a whole.<\/p><\/blockquote>\n<p>Other \u201cGoogle\u201d initiatives still exist, but they aren\u2019t part of Google anymore. The Project X lab, for example, is now part of Alphabet, which will also have\u00a0\u201cCapital\u201d and \u201cVentures\u201d businesses. Google\u2019s ticker symbols on the Nasdaq will remain GOOG and GOOGL, but Alphabet Inc. will replace Google Inc. as the \u201cpublicly-traded entity and all shares of \u00a0Google will automatically convert into the same number of shares of Alphabet, with the same rights,\u201d Page explained.<\/p>\n<p>Strange day but there you have it. Google is now part of Alphabet.<\/p>\n<div class=\"infinite-scroll-metadata\"><\/div>\n<div class=\"sourcevia-wrapper\">\n<div class=\"sourcevia fCaps fLS0\"><span class=\"label fLS1\">SOURCE<\/span> <a href=\"http:\/\/googleblog.blogspot.com\/2015\/08\/google-alphabet.html\" target=\"_blank\" rel=\"noopener\">GOOGLE<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Google is now part of a larger collection of companies that\u2019s named Alphabet. The new CEO of Google is Sundar Pichai. The CEO of Alphabet is Google\u2019s former CEO Larry Page, and Sergey Brin will serve as the president. Head spinning? Mine too.<\/p>\n","protected":false},"author":3,"featured_media":2456,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-2455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","et-has-post-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/posts\/2455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2455"}],"version-history":[{"count":0,"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/posts\/2455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/media\/2456"}],"wp:attachment":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}