{"id":51621,"date":"2015-08-10T20:18:42","date_gmt":"2015-08-11T02:18:42","guid":{"rendered":"http:\/\/www.businesspundit.com\/?p=51621"},"modified":"2020-09-21T13:33:52","modified_gmt":"2020-09-21T17:33:52","slug":"meet-alphabet-googles-new-parent-company","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/meet-alphabet-googles-new-parent-company\/","title":{"rendered":"Meet Alphabet, Google&#8217;s New Parent Company"},"content":{"rendered":"<p><a href=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company.jpg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-51622 lazyload\" data-src=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company.jpg\" alt=\"Google now a part of Alphabet Parent company\" width=\"1500\" height=\"938\" data-srcset=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company.jpg 1500w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-300x188.jpg 300w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-600x375.jpg 600w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-20x13.jpg 20w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-40x25.jpg 40w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-80x50.jpg 80w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-1000x625.jpg 1000w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-1200x750.jpg 1200w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-683x427.jpg 683w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/08\/Google-now-a-part-of-Alphabet-Parent-company-610x381.jpg 610w\" data-sizes=\"(max-width: 1500px) 100vw, 1500px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1500px; --smush-placeholder-aspect-ratio: 1500\/938;\" \/><\/a><\/p>\n<p>Google Inc. on Monday announced a new parent company called Alphabet. In a major shake-up at the company co-founder Larry Page announced the new company in a blog post.<\/p>\n<p>Alphabet will contain subsidiaries to separate its core web advertising business from newer ventures like\u00a0autonomous vehicles, and life-sciences projects.<\/p>\n<p>According to\u00a0Michael Yoshikami, head of Destination Wealth Management,\u00a0&#8220;It suggests that in all likelihood, Google is not going to slow the pace of their experimental processes like self-driving cars. It suggests they\u2019re really going to try to be like a tech conglomerate combined with VC.&#8221;<\/p>\n<p>Google shares were up 7 percent in after-hours trading to $708.<\/p>\n<p>Alphabet Inc will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights.<\/p>\n<p>&#8220;This new structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google,&#8221; Larry Page said in a blog post.<\/p>\n<p>The new structure will place Sundar Pichai in charge of Google, while new CFO Ruth Porat will control the financials for Alphabet and Google.<\/p>\n<p>Pichai most recently served as the company&#8217;s senior vice president of products.<\/p>\n<p>Google&#8217;s directors will become directors of Google while each company under the parent firm will have its own CEO.<\/p>\n<p>Google co-founder Sergey Brin will become president of Alphabet, and Eric Schmidt will be executive chairman.<\/p>\n<p>Page said &#8220;Alphabet is mostly a collection of companies, the largest of which is, of course, Google.&#8221;<\/p>\n<p>The surprising change will take place later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google Inc. on Monday announced a new parent company called Alphabet. In a major shake-up at the company co-founder Larry Page announced the new company in a blog post. Alphabet will contain subsidiaries to separate its core web advertising business from newer ventures like\u00a0autonomous vehicles, and life-sciences projects. According to\u00a0Michael Yoshikami, head of Destination Wealth [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":51622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[8228,168,8230,8016,8231,8229],"class_list":{"0":"post-51621","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-alphabet","9":"tag-google","10":"tag-larry-page","11":"tag-ruth-porat","12":"tag-sergey-brin","13":"tag-sundar-pichai"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/51621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=51621"}],"version-history":[{"count":1,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/51621\/revisions"}],"predecessor-version":[{"id":76952,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/51621\/revisions\/76952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/51622"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=51621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=51621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=51621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}