Here’s how it works: Google’s founders, Larry Page and Sergey Brin have started “a collection of companies”. They have dubbed that collection “Alphabet”, and within it, the letter “G” stands for Google.
In other words, there’s a company bigger than Google, as of today.
Management positions include the appointment of a new Google CEO — none other than Sundar Pichai. Page will take the CEO spot of Alphabet, while Brin becomes its President.
Alphabet’s birth comes as a result from the creation and acquisition of companies that don’t truly make sense under the generic moniker of Google, including health-focused efforts Calico and the Life Sciences.
“This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead,” Page writes.
The new operating structure of Google means that each letter or company will receive a CEO of its own, with compensation determined by none other than Brin and Page.
Time to see where the Alphabet goes — which is revealed, after the break.